Definition: Procurement is strategically buying or renting goods, equipment, or services through a third party for business purposes. Make-or-buy decision is common in organizational planning, and businesses carry out them to get goods or services through third parties at an affordable rate and quickly. The goods and services can be materials, equipment, software, testing environments, …
The project management processes are broken down into five different process groups in the PMBOK Guide. These process groups have different processes belonging to different knowledge areas. To succeed in project management, you must have a solid understanding of these five process groups. These groups organize the project processes mostly in the sequence as they …
Obtaining the Project Management Professional (PMP) certification is not a simple task, yet, achieving this goal can be a significant turning point in your career as a project manager. It will position you as a more suitable candidate for project manager roles, increasing the likelihood that you will receive a higher income. You will have …
These days, collaboration is essential to the growth of businesses and the exploitation of technologies, competencies, and other resources for value delivery. Because of this, it is essential for companies to establish legal grounds in the form of licenses, franchises, permits, and the like. Companies such as Universal Oil Products (UOP), which are well-known for …