OTHM Level 7 Diploma in Procurement Risk and Contract Management Assignment Solution

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OTHM Level 7 Diploma in Project Management Assignment Briefs

Unit Aims

The aim of the unit is to enable the student to understand the core concepts of procurement along with the importance of identifying and managing risks related to procurement and contract management. The learners will also develop a critical understanding of various legislative frameworks important for procurement and consider frameworks for risk assessment in the procurement context.

Scenario

ATC Ltd. a newly established procurement firm, has approached UK based prominent consultancy firm Consutants4U to assist in managing the challenges the organisation faces in the next five years due to changes in the political, social and economic factors in the UK. You work as a Senior Analyst in the firm Consutants4U. Your line manager has allocated ATC Ltd. to your workload and asked you to produce a detailed report that should resolve ATC Ltd.’s queries.

To develop this report, you must apply relevant theoretical concepts, models, relate them with real world examples of your chosen organisational context and critically analyse your arguments and arrive at justifiable recommendations.

Task 1 of 1 Management Report Instructions

Your report should consist of two sections containing the following:

Section A (ACs 1.1,1.2 ,1.3, 2.1, 2.2, 2.3)

Define procurement and contract
Examine the principles of procurement and contract management as applied to a large multinational organisation.
Evaluate the importance of sustainable procurement.
Assess the impact of legislative frameworks on procurement in the impact public and private sector.
Critically assess the role of European Union in procurement.
Evaluate the importance of establishing ‘Contract Procedure Rules’ and applying financial regulations.

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Section B (ACs 3.1, 3.2, 3.3, 3.4, 4.1, 4.2)

Discuss the key principles and application of category management.
Critically assess the impact of technology on procurement operations.
Examine the use of electronic promotion of contract opportunities and electronic tendering.
Explain the various risks associated with e-tendering.
Evaluate the risk management factors that impact on procurement and contract management.
Evaluate frameworks of risk assessment in relation to procurement.