Procurement performance has in many cases supplanted other outmoded procurement

Question

Procurement performance has in many cases supplanted other outmoded procurement models and is an important driver of organizational success. Value management, when applied to projects, has been defined as a methodology that maximizes the functional value of a project by optimizing its development from concept to deployment.

How are the management of procurement performance and value management in an organization related? Justify your response with two examples, one from the public sector and one from a private organization or the service sector.

Explanation / Answer

they are related in following ways:

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