4.5.10 Flashcards
1
Q
Define procurement.
A
Procurement is a process of buying or obtaining goods and/or services from external parties. It includes all processes, from planning to making the purchase and contract administration
2
Q
What type of resource can be procured?
A
- People
- Machinery
- Materials
- Technology
- Property
- Services
- Advisory
3
Q
What are the measures of project procurement?
A
• Acquiring of goods and services for the specific project • Project Manager is responsible for procurement but may use specialist help • Procurement Plan is part of the PMP • Procurement personnel and suppliers should be regarded as member of the project team • Treat suppliers ethically
4
Q
What are the measures for procurement strategy ?
A
• Whether to buy or make what is needed • Whether to use a single integrated supplier or multiple discrete suppliers • How new suppliers will be selected • What form of contract will be used • How suppliers will be paid – milestones or completion
5
Q
What is part of a procurement strategy ?
A
Make or Buy Number of suppliers Suppliers relationship Suppliers Selection & Sources Type of contract Type of pricing Reimbursement method.
6
Q
Procurement is used for: (1)External only goods (2) Internal goods only (3) Both (4 None
A
(1)External only goods
7
Q
What is the priority when procurement resources.
A
Depends on the project and objectives.
8
Q
Define measures on competitive tendering.
A
• Define needs • Survey the marketplace • Identify suppliers • Specify requirements • Set up weighted selection criteria • Invite tenders for supply • Assess tenders and appoint supplier • Accept goods and services • In-use support, decommissioning & disposal
9
Q
What are the 7 Contract strategies.
A
Single contract Parallel contracts Sequential contracts Prime & sub-contracts Turnkey contracts Partnering Contracts Internal Suppliers Arrangements
10
Q
List the 4 Reimbursement Methods and the order of risk for both supplier and customers.
A
Time & Materials
Cost Plus
Target Cost/Price Payment
Fixed Price
Order is low to high for suppliers.
Order is high to low for customer.
11
Q
What model is used to prioritise your requirement?
A
Mo S Co W
12
Q
How would we manage the contract and any claims?
A
• Implement measures to manage contract performance • Identify deviations from the contract • Handle contractual breaches by taking corrective measures • Involve legal, logistic and/or procurement functions of the organization as needed • Handle any contractual disputes and claims made by the supplier • Conclude and end the agreed business relationship when either the project is closed prematurely or all of the obligations in the contract have been met
13
Q
How would we manage the contract and any claims?
A
