Fabricated Homes is a multi-national company with footprints in many different countries. The company is looking at outsourcing some of their IT software development within the organisation, as they have limited expertise in-house.However, the CEO, Mr Bossman is convinced that outsourcing and fraud go hand-in-hand. He has agreed in principle to outsourcing, as long as you convince him that there are recognised processes for project procurement management.

Discuss these main project procurement management processes by relating them to Fabricated Homes. (20 marks)