PM 6000-8 – Legal Aspects of Project Procurement

Legal Aspects of Project ProcurementProject Procurement Management takes place within a legal framework with which Project Managers must be familiar. Any purchase involves a contract of some complexity, so Project Managers must have a basic understanding of how an offer to buy, an acceptance of the offer, and agreement to specific terms combine to create a purchase contract. Depending upon the industry and type of items or services being procured, the Project Manager will need to understand if the FAR (Federal Acquisition Regulations), Uniform Commercial Code (UCC), and warranties apply. This week you will explore these and other dimensions of the legal framework in which project procurement activity takes place.Review the resources listed in the Books and Resources area below to prepare for this week’s assignment(s).Books & Resources:BookKerzner, H. 2013 Project management: A systems approach to planning, scheduling, and controlling.Instruction:Read Chapters 10 and 19Article/JournalFeldman, S. W. (2001). http://proxy1.ncu.edu/login?://search.ebscohost.com/login.aspx?&&&-liveInstruction:Read ArticlePR, N. (2012, April 12). http://proxy1.ncu.edu/login?://search.ebscohost.com/login.aspx?&&.NEWS.USPR.PH86713&-liveInstruction:Read ArticleShane, J. S., Gransberg, D. D., Molenaar, K. R., & Gladke, J. R. (2006). http://proxy1.ncu.edu/login?://search.ebscohost.com/login.aspx?&&&-liveInstruction:Read ArticleAssignment: Evaluate the Legal Aspects of ProcurementInstructions:Evaluate the legal aspects of procurement for this assignment. Prepare a paper in which you analyze, summarize, and provide examples of (a) contract law, (b) agency law, (c) the Uniform Commercial Code (UCC), and (d) the Federal Acquisition Regulations (FAR).Also, identify a specific industry of interest to you and project that might realistically take place in that industry. For this industry-product combination, including in your paper a reflection on which of (a), (b), (c), and/or (d) would apply and which would not, using examples to support your position.Support your paper with a minimum of three (3) scholarly references.Length: 5-7 pages not including title and reference pages.Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.Alignment to Course Learning Outcomes:4.0 Appraise the legal aspects of project procurements.Section 4: Source Selection and Contract AwardingAn important step in the procurement process is selecting suppliers. This is referred to as “source selection” and it involves a number of steps, including identifying potential vendors, submitting Requests for Quote (RFQ’s) or Requests for Proposal (RFP’s) to them, depending on what is being procured, evaluating the resulting quotes and/or proposals, evaluating the capability of competing suppliers to meet commitments, and then selecting and contracting with selected suppliers.