Colorado PJM400 Module 3 Discussion

PJM400 MOD3 Discussion 

Reference at least one source from among the required or recommended  readings and at least one credible, peer-reviewed outside source (a  scholarly reference other than the textbook or readings); cite  references according to proper CSU-Global Guide to Writing & APA  (Links to an external site.)standards.

Required

• Chapter 2, pp. 84-109, and Chapter 8 in Procurement, Principles & Management
• Chapter 12, Section 12.1.3.5 in A Guide to the Project Management Body of Knowledge

1. Why is it important to review the market for new suppliers, or options, to fulfill a procurement need?
2. What role does legal and regulatory compliance play in project procurement?
3. What criteria are used to evaluate bids?
4. How are these criteria defined? E.g., others' input, research, etc.