Project Procurement Management Flashcards
What is the plan procurement management process
The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers
What is the conduct procurements process
The process of obtaining seller responses, selecting a seller, and awarding a contract
What is the control procurement process
The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate
What is The close procurements process
The process of completing each project procurement
Plan procurement management inputs
Project management plan Requirements documentation Risk register Activity resource requirements Project schedule Activity cost estimates Stakeholder register Enterprise environmental factors Organizational process assets
Plan procurement management tools and techniques
Make or buy analysis
Expert judgment
Market research
Meetings
Plan procurement management outputs
Procurement management plan Procurement SOW Procurement documents Source selection criteria Make or buy decisions Change requests Project documents updates
Conduct procurements inputs
Procurement management plan Procurement documents Source selection criteria Make or buy decisions Seller proposals Project documents Procurement SOW Organizational process assets
Conduct procurement tools and techniques
Bitter conference Proposal evaluation techniques Independent estimates Expert judgment Advertising Analytical techniques Procurement negotiations
Conduct procurements outputs
Selected sellers Agreements Resource calendars Change request Project management plan updates Project documents updates
Control procurements inputs
Project management plan Procurement documents Agreements Approved change request Work performance reports Work performance data
Control procurements tools and techniques
Contract change control system Procurement performance reviews Inspections and audits Performance reporting Payment systems Claims administration Records management system
Control procurements outputs
Work performance information Change requests Project management plan updates Project documents updates Organizational process assets updates
Close procurements inputs
Project management plan
Procurement documents
Close procurements tools and techniques
Procurement audits
Procurement negotiations
Records management system
Close procurements outputs
Closed procurements
Organizational process assets updates
Types of fixed-price contracts
Firm fixed-price contracts
Fixed price incentive fee contracts
Fixed price with economic price adjustment contracts
Types of cost reimbursable contracts
Cost plus fixed fee contracts
Cost plus incentive fee contracts
Cost plus award fee contracts
What is a time and materials contract
A hybrid of contractual arrangements that contains aspects of both cost reimbursable and fixed-price contracts.
What is the control procurement process
The process of managing procurement relationships, monitoring contract performance and making changes and corrections to contracts as appropriate
Control procurements inputs
Project management plan
What is project procurement management
The processes necessary to purchase or acquire products, services, or results needed from outside the project team
