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15 Cards in this Set

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  • Back
What is the process of procurement management?
- Plan
- Conduct
- Administer
- Close
Name inputs to the procurement management process.
- Enterprise/Environmental factors
- Organizational process assets
- Scope base line
- Risk Register
- Project schedule
- Initial cost estimates for contracted work
- Cost baseline for the project
What are key outputs for the PLANNED procurements process?
- Procurement Management plan
- Procurement statement of work
- Change Request
- Procurement documents
What are Key outputs for the CONDUCT procurements process?
- Selected sellers
- Procurement contract
What are key outputs of the ADMINISTER procurements processes?
- Procurement documentation
- Change requests
- Project management plan updates
What are key outputs of the CLOSED procurements process?
- Closed procurements

- Formal acceptance
What is a CONTRACT MANAGEMENT plan
A plan for how each contract will be administered
What is a PROCUREMENT MANAGEMENT plan
Part of the project management plan. It describes how the procurements will be planned, executed, and controlled.
What is required for a legal contract?
Offer
- Acceptance
- Consideration
- Legal capacity
- Legal purpose
What is a CONTRACT?
It may include all of the following:

- Legal terms
- Business terms
- Procurement statement of work
- Market literature
- Drawings
Describe the project managers ROLE in procurement
- Understand the Procurement process.
- Make sure the work described in the contract is complete
- Be involved in the whole procurement process
- Help tailor the contract to the project
- Incorporate allocation and mitigation of risks into the contract
Name the ADVANTAGES of Centralized contracting
- Increased expertise in contracted
- Standardized practices
- Clear career path
Name the DISADVANTAGES of Centralized contracting
One person works on many projects. It may be difficult to obtain contracting help when needed.
Name the ADVANTAGES of Decentralized contracting
- Easier access to contracting expertise
- More loyalties to the project
Name the DISADVANTAGES of Decentralized contracting
- No home for the contracts person on the project.
- Less focusing on contract expertise
- Inefficient use of resources
- Little stabilization of contracting process from one contract to the next.