12.3 Control Procurement

Question 0

Financial mgmt component

Answer 0

monitoring payments to seller

establishes corrective actions as needed

Question 1

Tools & Techniques

Answer 1

Contract change control system
Procurement performance reviews
Inspections & audits
Performance reporting
Payment systems
Claims administration
Records mgmt system

Question 2

Contract Change Control System

Answer 2

process by which procurement can be modified

includes: paperwork, tracking, dispute resolution procedures, approval levels

Question 3

procurement performance reviews

Answer 3

structured review of seller’s progress to deliver project scope and quality within cost and on schedule

Question 4

Inspections & Audits

Answer 4

required by buyer
supported by seller
per contract
during project to verify compliance in seller’s work processes / deliverables

Question 5

Performance Reporting

Answer 5

provides management with info about how effectively seller is achieving contractual objectives

Question 6

Claims Administration

Answer 6

contested changes, potential constructive changes
buyer & seller cannot reach agreement or compensation for the change or cannot agree that a change has occurred = claims, disputes or appeals

Question 7

Work Performance Inspection

Answer 7

provides basis for identification of current or potential problems to support later claims or new procurements.

Question 8

OPAs updated

Answer 8

Correspondence - contract terms & conditions
Payment schedule and requests
Seller performance eval doc