Saturday, September 5, 2009

Project Manager's Role in Procurement

The project manager must be involved in the creation of contracts and fulfills the following key roles:
  • Understand contract terms and conditions

  • Identify risks and incorporate mitigation and allocation of risks into the contract

  • Fit the schedule for completion of the procurement process into the schedule for the project

  • Be involved during contract negotiation to project relationship with the seller

  • Work with contract manager to manage changes to the contract

2 comments:

Ojiugo said...

Project Manager must be aware of the criteria for selecting vendors for any job so that the best is selected.
Nice Blog.I also have a PMP mentoring blog at http://ritetracpm.blogspot.com

Valencia Paz said...

Project Manager focuses in every aspect of the project. He exert so much effort to keep everyone in-track, manage the time allotted for the project, make sure that the production is going smoothly, and even handle the budget for the project; everything's done by a lone person! Amazing, right? Those are big shoes to fill in, and you must've a lot of mighty skills and traits to fulfill this job. But, in our company, we are using this sort of app that makes everything easier, which lessens the workload of the project manager.

Valencia Paz

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)