Sunday, May 31, 2009

Project Procurement Management in PMP

Project Procurement Management in PMP consists of:
  • Plan Purchase and Acquisitions
    Determining what to purchase or acquire and determining when and how.

  • Plan Contracting
    Documenting products, services and results requirements and identifying potential sellers.

  • Request Seller Response
    obtaining among potential sellers and negotiating a written contract with each sellers.

  • Contract Administration
    Managing the contract and relationship between the buyer and seller.  Reviewing and documenting how a seller is performing.  Managing contract related changes.

  • Contract Closure
    Completing and setting each contract, including the resolution of any open items and closing each contract applicable to the project or project phases.

2 comments:

Alisha said...

The blog is really an informative. And useful topic for the People who are going to face the exams.

PMP Certification, PMP Exam Preparation, PMP Courses, PMP Exam Simulation Software

Olivia Jennifer said...

I would say that a PMP is highly respected within both IT & non-IT communities where strong project management skills are required. If you plan on a long term career as a project manager, then yes, even with your level of experience, I would suggest getting your PMP. You can prepare yourself for the exam in one of the leading training providers like http://www.pmstudy.com . You can do minimal prep-work to get 40 PMI® Contact Hours and apply to PMI for PMP Exam before the class begins.

Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)