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OMK is a Russian steel firm that is expanding market abroad. It plans to build a steel plant in a foreign country. Due to intricate technical requirements, the plant design will be very complex. Procurement department or technical department alone cannot draft the specification. OMK senior management decides that this task must be treated as a project. Which of the following should be done before writing the specification for new steel plant?

A consulting firm in London had previously had static budgets. They were set once and locked in for the year. This resulted in departments meeting their budgets early and doing virtually nothing the rest of the year. To address this imbalance, the company tossed out the static budget and developed a budget for each of the next 18 months. And each month, real sales figures are analyzed against the budget and the budget is adjusted. Then the company adds another month into the budgeting plan. What type of budget this company is using?

OMK is a Russian steel firm that is expanding market abroad. The CPO desires to bring purchasing activities in line with the company’s ethos to be better and one step ahead. He and his team sum up 36 categories which cover approximately 90% of spend. He also establishes cross-functional teams that included anyone connected to the category. Each specification writing within a cross-functional team is treated as a project. Which of the following document should be preceded specification writing in each cross-functional team?