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purchased similar items in the past, or by checking with your procurement department. Usually, you don’t check with specific vendors or supplies when developing this rough estimate.2.You submit a written, approved request for the item to your procurement department. This request specifies the rough estimate of the cost included in your project budget and any upper limit that the actual cost can’t exceed. The project manager or his designee approves it, and anyone else who controls the expenditure of project funds (such as the finance department) approves it.3.Your procurement department selects a vendor and submits a purchase order. The purchase order formally requests the vendor to furnish you the item and specifies the procurement department’s estimate of the price.4.The vendor agrees to provide the item you requested. The vendor provides you written confirmation that he will sell you the item, together with the item’s price (including applicable taxes and shipping and handling charges) and the projected delivery date.5.You receive and accept the item but aren’t yet billed for it. You receive the item and verify that it meets the agreed specifications. If you don’t accept the item after the vendormakes repeated attempts to fix any problems you have with it, your procurement department cancels the purchase order and you begin looking for a different vendor or a different item that will meet your needs.6.You or your finance department receives a bill for the item. This bill details the item’s final cost, together with associated discounts, taxes, and shipping and handling charges.7.Your finance department disburses funds to pay for the item. The bill for your item is paid with money from your project’s funds.Responsible project monitoring requires that you have a clear idea of available project funds at each stage of the process. To do so, you typically want to monitor purchase requisitions, purchase orders, commitments (that is, purchase orders or contracts that you and the contractor or vendor agreed to), accounts payable, and expenditures.
Activity 12: You are employed as a supervisor at the local mail distribution centre. The centre wishes to develop a new staff recruitment and selection process, to be implemented within the next three months. You have been assigned the responsibility of project manager.Complete a progress report that could be forwarded to stakeholders.I would document lessons learned by describing-SuccessesDescribing the project management and quality management processes that were perceived to be appropriate and/or effective for the project as reflected by the stakeholders and the project records/documentation.-Areas for improvementDescribing the project management and quality management processes that were perceived to be inappropriate and/or ineffective for the project as reflected by the stakeholders and the project records/documentation.-Recommendations listing any recommendations that arise from this section of the report.I would report my findings by presenting my project review and project closure reportto management of Australian Post.