Control Procurements

Question 1

What is the purpose to Control Procurements?

Answer 1

Process of managing procurement relationships, monitoring contract performance, and making changes and corrections as needed.

Question 2

What are the tools and techniques in Control Procurements?

Answer 2

1) Contract Change Control System, 2) Procurement Performance Reviews, 3) Inspection and Audits, 4) Performance Reporting, 5) Payment Systems, 6) Claims Administrations, 7) Records Management Systems

Question 3

What is Contract Change Control Systems?

Answer 3

Outlines the processes and procedures for modifying contracts.

Question 4

What is Procurement Performance Reviews?

Answer 4

Structured review of sellers progress.

Question 5

What is Performance Reporting?

Answer 5

Informing the stakeholders of seller’s effectiveness.

Question 6

What is Payment Systems?

Answer 6

Used to facilitate invoices.

Question 7

What is Claims Administrations Procedures?

Answer 7

Process of resolving disputes.

Question 8

What is Record Management Systems?

Answer 8

Used by project manager to manage procurement records.

Question 9

What is Inspection and Audits?

Answer 9

Ensure a seller is following the quality protocols called for by the contract.