procurement management
what are the inputs for plan procurement management
Activity Resource Requirements; Project Schedule; activity Cost Estimates; Requirement Documents(from Collect Requirements)
What tools are used in the conduct procurements
Advertising; Bidder Conferences; Proposal Evaluation Techniques; Independent Estimates; Procurement negotiations
what are the contract types and who holds the risk
Fixed Price- Seller; Cost Plus Fixed Fee-Buyer; Time and Materials- buyer ; Cost Plus Incentive Fee-Shared between buyer and seller
what are the tools used in Control Procurements
Inspections and Audits; Procurement Performance Reviews; Contract change control system; performance reporting; claim administration
what tools are used for plan procurement management
Make-or-Buy Analysis; Market Research
what are the Alternative Dispute Resolutions(ADR) techniques
Mediation, Arbitration, Litigation(least desirable)
what process group is Plan procurement Management
Planning Process
what are the inputs to conduct procurements
Procurement Documents; Procurement Statement of Work(SOW); Source Selection Criteria; Seller Proposals
what is the formula for Point of Total Assumption
Target Cost + (ceiling price- target price) / buyer's share example 71,000 + (84,000- 75,000) / .75 = 83,000
the procurement process framework applies a formal contractual relationship between
a buyer and seller - may also be applied to agreements between internal units of an organization
What are the inputs in Control Procurements
agreements; approved change request; work performance data
the project cannot be closed until
all of the contracts are closed
Closure may be due to
an early termination - not just completion of the work and payments
Source Selection is created
at the same time as procurement documents
what are the key outputs for Close Procurements
closed procurements
what process group is close procurements
closing process
the buyer should formally notify the seller that the contract work is
complete
what process group is conduct procurements
executing process
procurement management should be
formal
Close Procurement process is
formal and occurs for each contract
Procurement Management Plan defines
how the other procurement processes will be carried out
How to close a project is specified
in the contract
What does Point of Total Assumption (PTA) mean
is the cost point in the contract where the seller assumes 100% of the risk of additional cost increases - particularly when using Fixed Price Incentive Fee contracts
Control Procurements focus on
lots of "paper" - reviews of paper, managing paper, keeping paper
what process group is control procurements
monitoring and controlling process
what are the four processes in procurement management
plan procurement management; conduct procurements; control procurements; close procurements
what are the tools used in Close Procurement
procurement audits; procurement negotiations
what are the inputs in close procurement
procurement documents; project management plan
what are the key outputs for plan procurement management
procurement management plan; procurement Statement of Work (SOW); procurement documents; source selection criteria; make-or-buy decisons
what are the key outputs for conduct procurements
select sellers; agreements; resource calendars
the procurement management aproach is rigid and patterned after
that of US government and military practices
Control Procurements is performed by
the buyer and the seller
what is a seller
the organization or party providing or delivering the goods or services to the buyer
what is the buyer
the organization or party purchasing (procuring) the goods or services from the seller
Make-or-Buy Decisions seperate
the team's work from outsourced work and should be based on core competencies of the organization
what are the key outputs for control procurements
work performance info; change request; project documents updates
