Project Procurement Management Essay Example | Topics and Well Written Essays - 750 words

Project Procurement Management - Essay ExampleA signed Charter authorizes the Project Team to begin work on the project.Project Schedule gives planned dates for starting and completing activities and milestones. Project schedule could be an addendum to the project adopt or be part of the charter document itself to provide a high-level timeline of the project to the management and the stakeholders.The Project charter should transport rough estimates for the management to budget for the project or choose to approve this project over other projects that are in contention for the funding. This could excessively be included in the charter document itself or be a separate supporting document as an enclosure.Expense itemcost$Capital costsHardware$25,000.00Software$106,000.00Infrastructure$83,000.00Installation$12,000.00Professional Services - implementation and training$200,000.00Others$53,000.00 center Capital Costs$479,000.00First yr Operating CostsSalaries$300,000.00Computer Operatio nal costs$85,000.00Contracted Services$200,000.00Professional services$150,000.00Others$75,000.00Total first year operational costs$810,000.00Total budget cost estimate$1,289,000.00References1. Project Charter definedAuthority DocumentationComparing Prince2 with PMBOKhttp//www.maxwideman.com/papers/comparing/authority.htm2. What should a project charter containA Project Charter templatehttp//www.vita.virginia.gov/projects/