procurement masterclass
TRANSCRIPT
Procurement Management
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3Procurement Management
Project Procurement Management includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team. The organization can be either the buyer or seller
of the products, services, or results of a project.
Key Concepts Vendor Contracts to ensure
smooth delivery from both sides
Vendor Performance to monitor vendor’s work effort
Records Management System to keep track of vendor activites
Tips
Procurement Management Plan Contract Types Vendor Performance Change Requests
4Procurement Management12.1 Plan Procurement Management—The process of documenting project procurement decisions,specifying the approach, and identifying potential sellers.12.2 Conduct Procurements—The process of obtaining seller responses, selecting a seller, and awardinga contract.12.3 Control Procurements—The process of managing procurement relationships, monitoring contractperformance, and making changes and corrections as appropriate.12.4 Close Procurements—The process of completing each project procurement.
512.1 Plan Procurement Management
612.2 Conduct Procurements
712.3 Control Procurements
812.4 Close Procurements
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