Asked by Malusi Pakade on Jun 16, 2024
Verified
On smaller projects, a procurement organization is established with expertise in purchasing.
Procurement Organization
An entity responsible for acquiring goods and services needed by a company or institution to function effectively.
Purchasing
The process of acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.
- Ascertain the responsibilities and value of a procurement team in the context of managing a project.
Verified Answer
AP
Anileme Portillo-DelgadoJun 20, 2024
Final Answer :
False
Explanation :
On smaller projects, a procurement organization is often not established due to the scale of the project; instead, procurement activities may be managed by the project team or a small, dedicated group without the need for specialized procurement expertise.
Learning Objectives
- Ascertain the responsibilities and value of a procurement team in the context of managing a project.
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