PMP-Procurement

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Author:
pmpnhorlando
ID:
251023
Filename:
PMP-Procurement
Updated:
2013-12-05 14:43:51
Tags:
PMP5 Procurement
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Description:
PMP Procurement
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  1. What guides
    - how contracts will be managed
    - how bids will be acquired and maintained
    and
    - how items will be purchased
    Procurement Management Plan
  2. Project scope statement.

    WBS.

    WBS dictionary

    Requirements Documentation

    Risk Register

    Activity Resource Requirements

    Project Schedule

    Activity Cost Estimates

    Stakeholder Register

    Enterprise Environmental Factors

    Organizational Process Assets
    Inputs of Procurement Management Plan
  3. Who has the most risk in a fixed-price contract
    sponsor
  4. Who has the most risk in a cost-reimbursable contract
    supplier
  5. Make-or-buy analysis
    Expert judgment
    Market research
    Meetings
    Plan Procurement Management Tools and Techniques
  6. The following is a list of
    -Procurements management plan
    -Procurement statement of work
    -Procurement documents
    -Source selection criteria
    -Make-or-buy decisions
    -Change requests
    -Project documents updates
    Plan Procurement Management Outputs
  7. Who writes the procurement SOW
    Buyer
  8. Difference between RFI & RFP
    • Request for Information (RFI):
    • used when you think you know what you want but need more information from the vendor, typically followed by an RFQ or RFP

    • Request for Proposal (RFP):
    • when you know you have a problem, but don't know how you want to solve it.  Most common requests, has strict rules for content, timeline and vendor responses
  9. used when you think you know what you want but need more information from the vendor, typically followed by an RFQ or RFP
    RFI - Request for Information
  10. used when you know what you want but you need information on how vendors would meet your requiremetns and how much it would cost
    RFQ - Request for Quote
  11. when you know you have a problem, but don't know how you want to solve it.  Most common requests, has strict rules for content, timeline and vendor responses
    RFP - Request for Proposal
  12. Overall or life-cycle cost
    Understanding of need
    Technical capability
    Management approach
    Technical approach
    Warranty
    Financial capacity
    Production capacity and interest
    Business size and type
    Past performance of sellers
    References
    Intellectual property rights
    Proprietary rights
    source selection criteria

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