Introducing Project Procurement Management - Planning for Purchases
15 important questions on Introducing Project Procurement Management - Planning for Purchases
What are the four elements procurement planning focusses on?
- Whether procurement is needed
- What to procure
- How much to procure
- When to procure
What are other names for sellers?
What are other names for buyers?
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What are the two things a project manager relies upon when starting with procurement?
Why is an evaluation of the marketplace needed?
What do the following key terms mean: sole source, single source, oligopoly?
Single source - The performing organization prefers to contract with a specific seller
Oligopoly - There are few sellers, and the actions of one seller will have a direct effect on the sellers' prices and the overall market condition
Why is the scope baseline important as input for making procurement decisions?
Why is the WBS and WBS dictionary important for procurement planning?
When could the SOW be interesting for procurement?
How is the project management plan important for the procurement planning process?
What is one of the most important things to consider during procurement management?
What do we mean with a teaming agreement?
How is the project schedule important for procurement planning?
How are project requirements important in project procurement?
- To determine what you'll purchase from vendors
- To understand whether any aspects of the requirements affect the contracting process
What other things should be considered when looking at procurement?
- The risks
- The project schedule - the vendor can impact it
- The project budget - how much can you spend on the vendor
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
