Administration and Procurement Essay Example | Topics and Well Written Essays - 1750 words

Administration and Procurement - Essay ExampleProcurement ashess preempt be categorized asProject counsel is excluded as it is considered that a project manager could be applied to any procurement method. In other words, to dispel a common misconception, project management is not a procurement method (Bennett, 1986, p. 5).The following criteria can be utilised to examine guest requirements and experts preferences for the performance of each procurement method. NEDO (1985), Skitmore and Marsden (1988) and Singh (1990) suggest employing the following criteria to establish a profile of the clients requirementsNEDO (1985) relates the characteristics of the most touristed procurement methods used to a list of nine client priorities or needs. This proficiency, while useful as a guide in terms of eliminating unsuitable procurement methods from the available alternatives, is insufficiently sophisticated to modify a final decision to be taken as to the method appropriate for a build pr oject (Masterman, 1992). Franks (1990) uses a rating system based on the ability of each procurement system to meet seven common satisfying criteria. A scale of 1-5 is used, where 1 is the minimum and 5 is the maximum. Masterman (1992) states that the use of this technique in determining clients needs is valid but is flawed with subjectivity. Skitmore and Marsden (1988) and Singh (1990) used the multi-attribute approach, which is a technique applied to measure a degree of objectivity to subjective areas. Both studies adapted the procurement row decision chart from NEDO (1985) to aid the decision-making process. Bennett and Grice (1990) have undertaken similar work. Furthermore, Skitmore and Marsden (1988) applied concordance analysis and discriminant analysis to their theoretical framework. Concordance analysis is used to measure the consistency of experts ranking for each procurement against a point predetermined criterion. Discriminant analysis examined data collected under a s et of criteria that are characteristics on