Introduction Selecting the right source for a crucial procurement could easily make or break a project. Thus the criteria to evaluate and the evaluation process has to be very robust and be able to pick the right sources for the procurement action. There is a whole range of criteria that can be used. Quite...
Introduction Closing procurements is done by notifying the seller that the procurement action is formally closed. Finalizing open claims, ensuring that all the deliverables have been accepted and updating the record to reflect the final results are the usual activities associated with the closing procurement processes. In a phase based project this closing procurement...
Introduction The close procurements process is one of the two closing processes defined in the PMBOK. This process should be used to close all the procurement processes for a project or a particular phase of the project. The outputs are in the form of two sets of documents. One set has the details of...
Introduction Administering procurement is about managing the buyer seller relationship, measuring the contract performance periodically and making the changes that are required due to on-going changes happening in the process. The tools and techniques that one uses to ensure this threefold aim are achieved are contract change controls system, procurement performance reviews, inspection and...
Introduction What was awarded as a contract to the seller and how he is performing and if any changes in the project management related documents are required are the details needed by the administer the procurement process. Therefore, the inputs that would be the documents that define the work assigned to the seller, the...
Introduction During the lifetime of procurement actions changes may be necessary to many relevant documentation. The typical outputs of the process are these updates and updated documentation like the procurement documentation. Updates to the organization process assets and Project management plan are such updates that come out of the administer procurement process. Change requests...
Introduction Once procurements have been initiated by awarding a contract to a seller, it has to be managed through to fruition; the Close procurement stage. The administering of the process takes a lot of doing. It is crucial too. We have already seen how the success of procurement is intertwined with the success of...
Introduction Conduct procurements process is all about tying up the procurement. That includes finding and selecting a suitable vendor and then finalizing a contract with him to deliver the item in time and with acceptable quality. The outputs that must be generated by the complete process include a range of documents and document updates...
Introduction There are some standard techniques an organization can use to bring a closure to the conduct procurement process. Typically what happens in this phase is that you need to locate some potential sellers, seek to find if some of them are interested in bidding, getting bids, evaluating them, creating a short list of...
Introduction A large set of documents are needed as input help define what is to be procured, how to procure them and how to close the process by using a particular type of contract. Organizational process assets moderate and define what exactly to be done. These documents contain the sum total of the organization’s...
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