Summary
Summary Complete the module by reviewing the course schedule, procurement landscape, contracts, terminology, management planning, procurement, conducting procurements, controlling procurements, Assignment 2, practising quiz, and…
Summary Complete the module by reviewing the course schedule, procurement landscape, contracts, terminology, management planning, procurement, conducting procurements, controlling procurements, Assignment 2, practising quiz, and…
Procurement and the Project Manager Managing contracts as a project manager involves various responsibilities and considerations, including handling interpersonal relationships, understanding cross-cultural differences, and complying…
Procurement Administration Procurement administration is a crucial process that ensures the buyer and the seller fulfil their contractual obligations. It involves controlling and managing the…
Procurement Terminology Conducting procurement can be divided into methods and artifacts. Methods include project management plans, procurement documents, seller proposals, expert judgments, advertisements, etc. Artifacts…
Planning Procurement Management In the plan procurement process, key inputs include Project Charter, business documents, project management plan, scope documents, and quality management plan. Assessing…
Procurement Terminology A contract is an agreement between two or more parties that creates a legally binding obligation to do or not to do a…
Contract Types Fixed Price Cost Reimbursable and Time and Materials Firm Fixed Price Contracts (FFP) are commonly used in procurement. In FFP contracts, the price…
Steps in Procurement In the procurement process, contracting is a crucial step, and it is essential to seek advice from contract law specialists to understand…
Contract Types Procurement contracts negotiate agreements on contract type and price, balancing risk for both the buyer and the seller while providing incentives for efficient…
Outsourcing Outsourcing, also known as SMART sourcing, encompasses the full scale of resource management, ranging from full insourcing to full outsourcing. Full insourcing involves internal…
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