Sustainability Accounting

Abstract : This research to demonstrate more on procurement strategies for FPSO Project components and services would benefit from alternative agreements and partnerships with suppliers Integrating the supply chain into initial project execution and engineering conversations to optimize the balance of CAPEX and OPEX Leveraging the current market downturn to re-evaluate procurement processes for long-term cost savings Developing a win-win relationship with suppliers in order to mitigate the compounding costs of risk down the supply chain   (RO)Objectives: 1.     Identify the current PROCUREMENT Practices in project management 2.     Impact on Procurement strategy on Project Performance 3.     New concept development practices for procurement 4.     Identify the challenges on new concept in procurement practice 5.     Recommendation