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.

1 comment:

Unknown said...

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

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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)