PROJMAN MOD 8: Project Procurement Management 3. CONTROL PROCUREMENTS: the process of managing
PROJECT PROCUREMENT MANAGEMENT procurement relationships, monitoring contract performance,
- includes the processes necessary to purchase or acquire products, making changes and corrections as appropriate and closing out
services or results needed from outside the project team. contracts.
- Includes the management & control processes required to - the key benefit is that it ensures that both the seller’s and buyer’s
develop and administer agreements, such as contracts, purchase performance meet the project’s requirements according to the
orders, memoranda of agreements (MOAs) or internal service terms of the legal agreement. This process is PERFORMED
level agreements (SLAs). THROUGHOUT THE PROJECT.
INPUTS
THE PROJECT PROCUREMENT MANAGEMENT PROCESSES ARE: Project management plan
1. PLAN PROCUREMENT MANAGEMENT: the process of Project documents
documenting project procurement decisions, specifying the Agreements
approach, and identifying potential sellers. Procurement documentation
- the key benefit of this process is that it determines whether to Approved change request
acquire goods and services from outside the project, and if so, Work performance date
what to acquire as well as how and when to acquire it. This Enterprise environment factors
process is PERFORMED ONCE OR AT PREDEFINED POINTS IN THE Organizational process assets
PROJECT. TOOLS & TECHNIQUES
INPUTS Expert judgment
Project charter Project Documents Claims administration
Business documents Enterprise environmental factors Data analysis
Project Management Plan Organizational process assets Inspection
TOOLS & TECHNIQUES Audits
Expert judgment Source selection analysis OUTPUTS
Data gathering Meetings Closed procurements
Data analysis Work performance information
OUTPUTS Procurement documentation updates
Procurement management plan Change requests
Procurement strategy Project Management plan updates
Bid documents Project document updates
Procurement statement of work Organizational process assets updates
Source selection criteria
Make-or-buy decisions PROJMAN MOD 9: PROJECT RISK MANAGEMENT
Independent cost estimates - includes the processes of conducting risk management planning,
Change requests identification, analysis, response planning, response
Project documents updates implementation and monitoring risk on a project.
Organizational process assets updates - the objectives of project risk management are to increase the
probability and/or impact of positive risks and to decrease the
2. CONDUCT PROCUREMENT: the process of obtaining seller probability and/or impact of negative risks, in order to optimize
responses, selecting a seller, and awarding a contract. the chances of project success.
- the key benefit is that it selects a qualified seller and implements
the legal agreement for delivery.This process is PERFORMED THE PROJECT RISK MANAGEMENT PROCESSES ARE:
PERIODICALLY THROUGHOUT THE PROJECT AS NEEDED. 1. PLAN RISK MANAGEMENT: the process of defining how to
INPUTS conduct risk management activities for a project.
Project management plan - the key benefit of this process is that it ensures the degree, type,
Project documents and visibility of risk management are proportionate to both risks
Procurement documentation and the importance of the project to the organization and other
Seller proposals stakeholders. This process is PERFORMED ONCE OR AT
Enterprise environmental factors PREDEFINED POINTS IN THE PROJECT.
Organizational process assets INPUTS OUTPUTS
TOOLS & TECHNIQUES Project charter Risk management plan
Expert judgment Project Management Plan
Advertising Project Document
Bidder conferences Enterprise environmental factors
Data analysis Organizational process assets
a. Proposal evaluation TOOLS & TECHNIQUES
Interpersonal & team skills (Negotiation) Expert judgment
OUTPUTS Data analysis
Selected sellers Meetings
Project management plan
Org’l process assets updates 2. IDENTIFY RISKS: the process of identifying individual project risks
Agreements as well as sources of overall project risk , and documenting their
Project documents updates characteristics.
- the key benefit of this process is the documentation of existing
individual project risks and the sources of overall project risks. It
PROJECT PROCUREMENT MANAGEMENT procurement relationships, monitoring contract performance,
- includes the processes necessary to purchase or acquire products, making changes and corrections as appropriate and closing out
services or results needed from outside the project team. contracts.
- Includes the management & control processes required to - the key benefit is that it ensures that both the seller’s and buyer’s
develop and administer agreements, such as contracts, purchase performance meet the project’s requirements according to the
orders, memoranda of agreements (MOAs) or internal service terms of the legal agreement. This process is PERFORMED
level agreements (SLAs). THROUGHOUT THE PROJECT.
INPUTS
THE PROJECT PROCUREMENT MANAGEMENT PROCESSES ARE: Project management plan
1. PLAN PROCUREMENT MANAGEMENT: the process of Project documents
documenting project procurement decisions, specifying the Agreements
approach, and identifying potential sellers. Procurement documentation
- the key benefit of this process is that it determines whether to Approved change request
acquire goods and services from outside the project, and if so, Work performance date
what to acquire as well as how and when to acquire it. This Enterprise environment factors
process is PERFORMED ONCE OR AT PREDEFINED POINTS IN THE Organizational process assets
PROJECT. TOOLS & TECHNIQUES
INPUTS Expert judgment
Project charter Project Documents Claims administration
Business documents Enterprise environmental factors Data analysis
Project Management Plan Organizational process assets Inspection
TOOLS & TECHNIQUES Audits
Expert judgment Source selection analysis OUTPUTS
Data gathering Meetings Closed procurements
Data analysis Work performance information
OUTPUTS Procurement documentation updates
Procurement management plan Change requests
Procurement strategy Project Management plan updates
Bid documents Project document updates
Procurement statement of work Organizational process assets updates
Source selection criteria
Make-or-buy decisions PROJMAN MOD 9: PROJECT RISK MANAGEMENT
Independent cost estimates - includes the processes of conducting risk management planning,
Change requests identification, analysis, response planning, response
Project documents updates implementation and monitoring risk on a project.
Organizational process assets updates - the objectives of project risk management are to increase the
probability and/or impact of positive risks and to decrease the
2. CONDUCT PROCUREMENT: the process of obtaining seller probability and/or impact of negative risks, in order to optimize
responses, selecting a seller, and awarding a contract. the chances of project success.
- the key benefit is that it selects a qualified seller and implements
the legal agreement for delivery.This process is PERFORMED THE PROJECT RISK MANAGEMENT PROCESSES ARE:
PERIODICALLY THROUGHOUT THE PROJECT AS NEEDED. 1. PLAN RISK MANAGEMENT: the process of defining how to
INPUTS conduct risk management activities for a project.
Project management plan - the key benefit of this process is that it ensures the degree, type,
Project documents and visibility of risk management are proportionate to both risks
Procurement documentation and the importance of the project to the organization and other
Seller proposals stakeholders. This process is PERFORMED ONCE OR AT
Enterprise environmental factors PREDEFINED POINTS IN THE PROJECT.
Organizational process assets INPUTS OUTPUTS
TOOLS & TECHNIQUES Project charter Risk management plan
Expert judgment Project Management Plan
Advertising Project Document
Bidder conferences Enterprise environmental factors
Data analysis Organizational process assets
a. Proposal evaluation TOOLS & TECHNIQUES
Interpersonal & team skills (Negotiation) Expert judgment
OUTPUTS Data analysis
Selected sellers Meetings
Project management plan
Org’l process assets updates 2. IDENTIFY RISKS: the process of identifying individual project risks
Agreements as well as sources of overall project risk , and documenting their
Project documents updates characteristics.
- the key benefit of this process is the documentation of existing
individual project risks and the sources of overall project risks. It
