procurement management

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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


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