M13 - Performance & Closing Flashcards
Project performance reviews can include?
- Inspections of work performed, quality audits
- Review of contract and seller prepared documentation
- Creation of performance review reports including seller progress
- Identification of Seller successes and failures
- Review of seller interim invoicing and payment
What do Project procurement performance reviews do?
- Monitor the sellers technical progress in delivering project scope, cost, schedule and quality per the contract.
- Reviews can also monitor the sellers compliance to the contract administrative requirements such as creating timely reports
Although a contract administrator is a member of the project team for project reporting purposes, the contract administrator can report to a line function such as corporate legal and may even be an attorney - True or False?
True
- In some cases, the project manager may also be the contract administrator.
- Depending on project size and complexity, contract administration may be handled by one person or by an entire team.
The functions of the contract administrator include:
- Change management
- Specification interpretation
- Adherence to quality requirements
- Inspections and audits
- Warranties
- Performance reporting
- Records management
- Seller management and performance evaluation
- Production surveillance
- Approval of waivers
- Breach of contract
- Claims administration
- Resolution of disputes
- Payment schedules
- Project termination
- Project closure
A significant amount of a contract administrator’s time is spent handling change requests.
What is a change request vs a change order?
There is significant overlap in the use of Change Requests (CR’s) and Change Orders.
Typically CR’s trigger an impact analysis on the effect of the change on the project, which is needed before any approval.
Change Orders imply the authorization exists for the change, unless it is called a Change Order Request.
