QUESTION ONE Read the scenario below and answer the following questions:
Project Procurement for a New Office Building Red Button is a rapidly growing tech company that has outgrown its current office space. To accommodate the expansion, they are planning to build a new office building. The project includes construction, interior design, IT infrastructure setup, and furnishing. As the Project Manager, you’re responsible for managing the procurement process for this project.
1.1
Outline and discuss factors would you consider when selecting suppliers or vendors for the construction phase of the project.
1.2
Discuss the importance of selecting an appropriate procurement strategy for constructing a new office building, and outline factors that should be considered in making this decision.
1.3
Evaluate the importance of contract management in project procurement and how would you ensure that contracts are properly handled throughout this project.
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