Project Risk and Procurement Management

Project Risk and Procurement Management

Assignment 2:

Assignment Brief
Strategic procurement depends on strong “Supplier Relationship Management” (SRM) where procurement professionals are concerned
about developing robust supplier relationships and negotiating favourable terms and conditions. In the future, it is expected that supply
chain structures will become more complex and choosing the right supplier will be more critical. Increasingly stringent supplier
requirements will become routine, and demanding purchasers will expect suppliers to demonstrate their essential competencies. Supply
chain risk, scarcity of raw materials, environmental, sustainable and economic issues will lead to increased pressure on these buyer-
supplier relationships.

You are to consider a UK business that sources food materials extensively from Greece and discuss how it can manage the dangers of
economic and other risks arising from this relationship You are asked to critically discuss how the procurement function can manage a
network – often global – of vendors and suppliers that can quickly become inoperative due to rapid shifts in the business environment.
You are expected to provide appropriate case study examples to illustrate your answer.

This coursework should follow a structured approach and should be prepared and presented as a professional business report. You
should undertake a relevant literature review that helps inform your investigation. Please also ensure that the Harvard Referencing
System is adhered to and fully complied with.

Submission details
This is an individual assignment worth 50% of the module mark.
Word length 3000 words (+/- 10%). Do not include References in the word count.
Submission: electronically through RKC’s OnlineCampus
Please submit an electronic copy of your assessment via RKC’s OnlineCampus. The electronic copy may be in either Word or PDF, and you
should ensure that the file is machine readable (check it through the TurnitIn Test area from your home page)

Kevin Kane, Sem 3 2015 1

 Project Risk and Procurement Management

Marking Scheme
Criteria Marks
Use of theory 30
Examples 30
Quality of argument 10
Reference to course ideas 10
Citation and References 10
Conclusions 10

Relates to Learning Outcomes:

 Demonstrate an understanding of the importance of procurement for global organisations operating in complex market environments.
 Locate, synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Project
Risk and Procurement Management.
 Apply knowledge of the theory and practice of Project Risk and Procurement Management to develop insights into and solve current
problems.
 Critically evaluate the use of complex models of Project Risk and Procurement Management; systematically and creatively making
sound judgements based on the systematic analysis and creative synthesis of ideas.
 Critically and effectively assess the value of theories, concepts and models to the practice of Project Risk and Procurement
Management.
 Demonstrate a sound understanding of the importance of risk management in the development and maintenance of sustainable
procurement.

Assessment Housekeeping:
You are required to follow the University’s regulations regarding plagiarism and citing sources and references used. Assignments may not be
submitted late. Marking penalties for late submission will follow the University regulations for PMC and late submission.

Kevin Kane, Sem 3 2015 2

 Project Risk and Procurement Management

Criterion / Mark 90-100 80-89 70-79 60-69 50-59 40-49 0-39

range

Overall level Standard comparable to Standard comparable Distinctive work for Masters Merit work for Masters Acceptable for Below Masters Significantly
(indicative – journal publication to conference paper level level Masters pass standard below Masters
not for grading) publication pass standard
Scope Outstanding clarity of Excellent clarity of focus, Clear focus. Very good Clear scope and Scope evident and Poorly scoped, Little or no
focus, includes what is boundaries set with no setting of boundaries focus, with some satisfactory but with with significant scope or focus
important, and excludes significant omissions or includes most of what is omissions or some omissions and omissions and evident.
irrelevant issues. unnecessary issues. relevant. unnecessary issues. unnecessary issues. unnecessary
issues.
Understanding Outstanding with critical Excellent with critical Very good with critical Good with some Basic with limited Poor with little Little or no
of subject awareness of relevance awareness of relevance awareness of relevance of awareness of awareness of awareness of understanding
matter of issues. Outstanding of issues. Excellent issues. Outstanding relevance of issues. relevance of issues. relevance of of subject
expression of ideas. expression of ideas. expression of ideas. Ideas are expressed, Limited expression of issues matter is
with some limitation. ideas. demonstrated.
Comprehensive literature Excellent independent Very good independent Good secondary Limited secondary Little or no Poor use of
review. Evaluation and secondary research. secondary research. research to extend research to extend extension of taught
Literature
synthesis of source Sources are evaluated Sources are evaluated and taught materials. taught materials. taught materials. materials. No
material to produce an and synthesized to synthesized to produce a Evidence of Limited evaluation of Poor choice and synthesis.
outstanding contribution. produce an excellent very good contribution. evaluation of sources, sources, deficiencies synthesis of
contribution. with some deficiencies in choice and materials.
in choice and synthesis.
synthesis.
Critical analysis Standard of critical Excellent standard of A very good standard of Critical analysis with Analysis evident but Little or no No valid
based on analysis – showing critical analysis – critical analysis. Sources some questioning of uncritical. Sources are analysis. analysis.
evidence questioning of sources, excellence in are questioned sources, not always
understanding of bias, questioning of sources, appropriately, and a very understanding of bias, questioned, with
independence of understanding of bias, good understanding of independence of limited independence
thought independence of bias, showing thought. of thought.
thought independence of thought
Structure of Well structured, Argument has excellent Well-structured and Structured and fairly Argument has some Argument is No evidence of
argument, compelling and structure and persuasive argument convincing argument structure and unstructured, no argument or
leading to persuasive argument persuasiveness, leading Insightful conclusion draws leads to conclusion development towards recognizable conclusion.
that leads to a valuable to very significant insights together key issues and that summarises key conclusion with conclusion.
conclusion
contribution to the field and relevant future possible future work. issues. limitations in summary
of study, paving the way work. of issues.
for future work.

Kevin Kane, Sem 3 2015 3