Type your responses in the box below.Question 1:According to ‘Achilles’ there are 3 (Three) core factors, which impact on procurement objectives, affecting procurement planning. Identify the 3 (Three) core factors and provide a short description of what each factor’s role is within procurement planning as part of project objectives.Question 2:In your own words, what is the definition of a ‘Procurement Management plan’ and how does such a plan assist the overall ‘Project Procurement process’ in a business environment?Question 3:In your own words, why is it an important part of the procurement process to identify and nominate procurement stakeholders and relevant procurement resources?Question 4:Why do you think it is important to identify and secure supply-chain providers (suppliers/stakeholders) through firm agreement arrangements?Question 5:In your own words, define ‘Project governance constraints’ and identify and list 10 (Ten) ‘Project governance constraints’ which can have an impact on the project and procurement process for a business.Type your responses in the box below.Question 1:Developing and using specific procurement documentation to assist in managing each procurement step can minimise procurement risk. Identify the 7 (Seven) most commonly used ‘Procurement’ documents used in business procurement processes.Question 2:Why do you think it is important for a business entity to ‘test’ supplies from stakeholders before entering into a legal agreement with the supplier(s)?Question 3:In your own words, why is ‘Procurement Audit’ an important part of the procurement and project management process and what is the main purpose of such an ‘Audit procedure’?Question 4:Why is it important to note, record and monitor all procurement of stock by a business entity through clearly identified and relevant documentation?Question 5:In your own words, why is it important for a business to have processes and systems in place to ensure agreements with stakeholders and project outcomes are legal and appropriate?
