Response to Chrysany
Chrysany, in your post, I have identified four main subtopics that include procurement risks, purchase and contracted commodities, contract strategy, and biblical integration. Under the procurement and risks requirement subtopic, you have included that different project has different risks associated with them. It is the role of the project manager to identify these risks, evaluating their impact. You add that understanding the project needs and scope of operation is an effective strategy to plan and eliminate the risk associated with the decision making process. Under the purchased verse Contracted Items, you include that procurement of construction equipment involves acquiring funds from the employer. Some of the items that you have considered for construction include drywall, bricks carpet, and wood. You also suggest that a procurement officer must take into legal account requirements for procuring the construction items needed. You have suggested that this kind of process requires strategic procedures so that the procurement officer can complete all the activities successfully.
In addition to decision making risk, I would like to also include that during material procurement, the contractor is also likely to face quality associated risk, financial risk, and illegal practice risks and failure to compliance risks. For example, in the procurement process fails to comply with forest conservation regulation while procuring wood materials. In the process of procuring for bricks material, the contractor may face quality associate risks. For example, if the procurement officer source for poor quality bricks, this may contribute to unsatisfactory construction that can lead to loss of the contract. I have identified that in procurement, there is always an aspect of risks, and it is difficult to eliminate it. Therefore the best thing for a project manager to do is to have taken the best step and hopes for the best, just like Ecclesiastes 11: 1-3 states, “Cast your bread upon the waters, for you will find it after many days. Give a portion to seven, or even to eight, for you know not what disaster may happen on earth. If the clouds are full of rain, they empty themselves on the earth, and if a tree falls to the south or to the north, in the place where the tree falls, there it will lie.”