Chat with us, powered by LiveChat PJM400 MOD6 Peer Discussion Responses Please respond to both - Aqhomework

PJM400 MOD6 Peer Discussion Responses Please respond to both

PJM400 MOD6 Peer Discussion Responses Please respond to both POST1: and POST2: in at least 250 words each.I have included the original post as reference only:Original post:Review the PMBOK® Guide (PMI, 2017), Part 1, Section regarding Control Procurement Process.Discuss the Enterprise Environmental Factors (EEF) that can influence the Control Procurement process.Provide an example of a marketplace condition scenario that might impact a procurement project.Class, as you review the assigned reading for this Discussion Module,consider the PMI’s (2017) suggestions that some EEF factors mightinclude such things as control change control systems, marketplaceconditions, financial management and accounts payable systems, and thebuying organization’s code of ethics.These can have both positive and negative consequences so consider that as well.Also, considering the current health crisis in our country (andbeyond), do you have any thoughts on marketplace EEFs that impact project procurement?(please remember to use the PMBOK as one of your sources for research)POST1:TheControl Procurement process can have devastating effects on a project.The top Enterprise Environmental Factors (EEF) that can impact anyproject are the contract change control systems, marketplace conditions,financial management and accounts payable system and the code of ethicsfrom the buying organization (PMI, 2017). Enterprise environmentalfactors are described as any or all environmental factors, eitherinternal or external, that can affect the project’s success. As we haveseen this week in the US, these factors can include governmentregulations and politics but also include market forecasts and even theweather.An example of Enterprise Environmental factors affecting the ControlProcurement process around COVID -19 would be where organizations arewaiting for the COVID-19 test kits to be delivered. The organizationsare working to effectively and efficiently test those that are showingsymptoms of the virus. The test kits are delayed due to uncontrollablefactors like contract control systems, marketplace conditions andgovernment regulations. The suppliers just cannot keep up with thedemand. The overall demand could not have been predicted and now thesystem is bogged down with requests. New suppliers are working to getgovernmental approval to produce the product to meet the demand but havefinancial and workforce limitations. (HPN, 2020) This has created anethical problem for the clinicians who are testing the patients bymaking them create guidelines to prioritize who should receive the test.References:LabCorp launches tests for COViD-19. (March 6, 2020). Retrieved from Management Institute. (2017). A guide to the project management body of knowledge (6th ed.). Project Management Institute Inc. Newtown Square, PA.POST2:Module 6: Discussion Enterprise Environmental Factors (EEF) and Control ProcurementA company’s successes and failures are determined by how they managethe Control Procurement process by how it integrates resources, makesconnections, and enhances competitiveness (Chen, 2015). Therefore, itis essential to determine how enterprise environmental factors caninfluence Control Procurement. According to the Project ManagementInstitute (2017), some factors that can influence this are:Buying organization’s code of ethicsFinancial managementAccounts payable systemMarketplace ConditionsContract change control system (Project Management Institute, 2017)Marketplace Condition scenarioDue to the current Coronavirus situation, toilet paper is nowhere tobe found. Let’s take, for example, Grocery store A usually buys alltheir supplies from Vendor X in bulk and at a discount. Vendor X alsoprovides to other stores. Because of such high demand, Vendor X has runout, and now Grocery store A must procure the toilet paper elsewhere ata much larger price. Therefore, due to the current environmentalissue, the prices are higher and off schedule for delivery times.References:Chen, F.-H. (2015). Application of a hybrid dynamic MCDM to explorethe key factors for the internal control of procurement circulation.International Journal of Production Research, 53(10), 2951–2969. Management Institute. (2017). A guide to the project management body of knowledge (6th ed.). Project Management Institute Inc. Newtown Square, PA.

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