Friday, November 8, 2013

PROJECT PROCUREMENT MANAGEMENT (Based on PMBOK 5 th Edition )

Project Procurement Management includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team. The organization can be either the buyer or seller of the products,services, or results of a project. Project Procurement Management includes the contract management and change control processes required to develop and administer contracts or purchase orders issued by authorized project team members.
Project Procurement Management also includes controlling any contract issued by an outside organization (the buyer) that is acquiring deliverables from the project from the performing organization (the seller), and administering      contractual obligations placed on the project team by the contract.       
Project Procurement Management processes which include the following:       
12.1    Plan Procurement Management — The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
12.2    Conduct Procurements — The process of obtaining seller responses, selecting a seller, and awarding a contract.
12.3    Control Procurements — The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate.
12.4    Close Procurements — The process of completing each project procurement.
These processes interact with each other and with processes in other Knowledge Areas.
The Project Procurement Management processes involve agreements, including contracts, which are legal documents between a buyer and a seller. A contract represents a mutually binding agreement that obligates the seller to provide something of value (e.g., specified products, services, or results) and obligates the buyer to provide monetary or other valuable compensation. An agreement can be simple or complex, and may reflect the simplicity or complexity of the deliverables or required effort. A procurement contract includes terms and conditions, and may incorporate other items that the buyer specifies as to what the seller is to perform or provide. It is the project management team’s responsibility to make certain that all procurements meet the specific needs of the project while adhering to organizational procurement policies. Depending upon the application area, a contract can also be called an agreement, an understanding, a subcontract, or a purchase order. Most organizations document policies and procedures specifically defining the procurement rules and specifying who has authority to sign and administer such agreements on behalf of the organization.   
Although all project documents may be subject to some form of review and approval, the legally binding nature of a contract or agreement usually means it will be subjected to a more extensive approval process. In all cases, the primary focus of the review and approval process is to ensure that the contract language describes the products, services, or results that will satisfy the identified project need. The project management team may seek support in early phases from specialists in contracting, purchasing, law, and technical disciplines. Such involvement can be mandated by an organization’s policies.The various activities involved in the Project Procurement Management processes form the life cycle of an agreement. By actively managing the agreement life cycle and carefully wording the terms and conditions of a procurement, some identifiable project risks may be shared or transferred to a seller. Entering into an agreement for products or services is one method of allocating the responsibility for managing or sharing potential risks.
A complex project may involve managing multiple contracts or subcontracts simultaneously or in sequence. In such cases, each contract life cycle may end during any phase of the project life cycle. Project Procurement Management is discussed within the perspective of the buyer-seller relationship. The buyer-seller relationship may exist at many levels on any one project, and between organizations internal to and external to the acquiring organization.
Depending on the application area, the seller may be identified as a contractor, subcontractor, vendor, service provider, or supplier. Depending on the buyer’s position in the project acquisition cycle, the buyer may be called a client, customer, prime contractor, contractor, acquiring organization, service requestor, or purchaser. The seller can be viewed during the contract life cycle first as a bidder, then as the selected source, and then as the contracted supplier or vendor.
-----------------------------------
tags:
project procurement management
project procurement management ppt
project procurement management process
project procurement management pdf
project procurement management plan
procurement management
project procurement manager
project management software
project management tools
project management professional
project management institute
online project management
project management tool
project management templates
project management online
project portfolio management
project management system
online project management software
project management certification
project procurement management processes
project risk management
project manager software
procurement manager
free project management software
project procurement plan
project procurement management pmbok
procurement project management
best project management software
project management books
project management systems
project management body of knowledge
project management
project management steps
project management life cycle
define project management
what is project procurement management
what is procurement management
agile project management
project procurement management definition
web project management
procurement project manager
project management software free
project management program
sample project management plan
project management procurement
simple project management
project manager
project management documents
free project management tools
project management office
software project management
project management methodology
project management skills
project management examples
project management training
free online project management
project management plan
project management techniques
project management freeware
web based project management software
project management application
project management schedule
construction project management
it project management
software for project management
project management procurement plan
project management app
project management applications
web based project management
online project management tools
project management consulting
project management website
project management process
project management free software
project management excel
construction project management software
what is project management
excel project management
procurement in project management
online project management tool
project management web
building project management
it project manager
open source project management software
construction project manager
project management cycle
project management tools and techniques
project procurement management plan example
project management softwares
free project management
project managment
project management timeline
cloud based project management
project management methodologies
free project management templates
best project management
procurement management plan template
collaborative project management
introduction to project management
online project manager
project management services
project management software freeware
portfolio project management
project management template
sharepoint project management
project management planning
project procurement management wiki
project management software open source
information technology project management
simple project management software
project management plan example
microsoft project management software
procure management
project management classes
software project management tools
project management principles
easy project management
project management definition
project management companies
project management information system
procurement management in project management
project time management
project management tracking
business project management
project procurement management plan template
project management free
project management checklist
procurement management plan example
prince project management
project management chart
professional project management
basic project management
procurement and supply management
project management plan template
project cycle management
cloud project management
project management certificate
project management solutions
project cost management
project managers
network diagram project management
open source project management
pmp procurement management
it procurement manager
project management templates free
scrum project management
project management scheduling
project management forms
project management courses
project management methods
project procurement plan template
project management sample
project planning and management
project management calendar
procurement management pmp
advanced project management
software project management software
project procurement management fleming
importance of procurement management
microsoft project manager
project management basics
project management collaboration
website project management
principles of project management
saas project management
project management charts
project manager software free
lean project management
project manager responsibilities
project management fundamentals
procurement management courses
personal project management
project management construction
project resource management
free project manager
project quality management
project procurement management plan sample
project management tools free
agile project management software
project procurement and contract management
procurement and project management
integrated project management
legal project management
marketing project management
project management company
project management ppt
tools for project management
project management framework
what is a project manager
project management for dummies
project management procurement process
project managing software
project management online software
free project management tool
importance of project procurement management
project manager online
project management tutorial
project procurement management questions
what is procurement in project management
effective project management
project management requirements
project planning management
project management saas
project management solution
ms project management
web project management software
project manager tools
free online project management software
freeware project management software
software project manager
pmbok procurement management
project management report
procurement manager role
role of project manager
enterprise project management software
project procurement management plan form
project management software online
projects management
tools project management
online project management system
project management consultant
project management tools online
easy project management software
project management for construction
project manage
project management cloud
project management concepts
role of procurement manager
project management software reviews
project managing
project software management
project procurement plan sample
pmi project management
project management jobs
sample project procurement management plan
project management site
project management sheet
project management journal
project management articles
project management plan sample
project management course
project management software review
open source project management tools
software development project management
project portfolio management tools
project manager free
what is project procurement
project management software microsoft
project management wiki
project management open source
project management in construction
project manager courses
project management book
project management guide
project management and procurement
project management diagram
project management resources
procurement management project management
project management it
project management dashboard
enterprise project management
collaboration project management
freeware project management
certified associate in project management
design project management
project management schedule template
project management consultancy
best project management tools
project management web application
primavera project management
how to be a project manager
project management outline
project management guidelines
project management tips
project procurement manager job description
visual project management
project management pmbok
about project management
project management software download
project management team
program project management
project management reporting
project management workflow
project management essentials
projects management software
creative project management
project managements
definition of project management
project manager program
project management sites
free project management courses
sharepoint for project management
what is procurement management in project management
project management consultants
good project management
project management firms
project manager resume
project planning
what is a project management
crm project management
project management plans
cpm project management
project management professional certification
prince2 project management
procurement management pmbok
project management structure
project management education
project management web software
procurement management template
management
project management download
project management reports
project management software tools
project management procurement plan template
project management notes
small business project management
program management
certified project manager
how to project manage
project plan
successful project management
project planner
pmo
resource management
procurement management processes
project management service
project management careers
project manager template
project management timeline template
projectmanagement
project plan template
operation management
project software
clarity project management
what is management
gantt chart
project managment software
project management project
procurement management services
project proposal template
project management excel templates
project procurement planning process
risk management
microsoft project management
engineering procurement project management
project procurement plan example
microsoft project
sharepoint 2010 project management
project management example
project definition
sample project plan
project management in it
project scheduling
project procurement planning
project manager tool
project management business
project planning tools
it procurement management
cost management in project management
web project manager
what is communication
project charter template
virtual project management
what is marketing
what is erp
project management database
what is data
project management apps
what is research
operational management
open project management
pmbok project management
merlin project management
que es project manager
project tracking
project management spreadsheet
project tracking software
project plan sample
project management software free download
project planning software
project phases
what is a computer
project design
mba project management
project management websites
template project management
project evaluation
project development
project planning template
procurement management plan examples
project management process flow
project management procurement plan example
php project management
what is motivation
project management tutorials
project management qualifications
gantt chart template
mba in project management
project schedule template
small project management
project cycle
project schedule
project management sharepoint
project governance
project tracker
project financial management
project management scope
international project management
procurement supply management
procurement management course
technology project management
project implementation
engineering project management
project timeline template
gantt chart software
project team
project management toolkit
what is law
project management online tool
project management portal
example of project management
ms project 2010
project template
project initiation
project program management
diploma in project management
example project management plan
project coordinator job description
itil project management
project management strategies
example of project management plan
microsoft project 2010
social project management
project documentation
project plan example
learn project management
project portfolio management software
project scheduling software
it project management software
project management diploma
project plan examples
управление проектами
what is information technology
project management tools freeware
project management document
procurement management in construction projects
development project management
design management
outlook project management
personal project management software
what is crm
what is project planning
prince2 methodology
what is education
project of management
project management uk
project timeline
project proposal sample
project
what is customer service
project monitoring
project templates
what is technology
project management topics
scope of project
project planning process
ms project
project manager professional
project organization
project plans
software project
what is science
project manager procurement
what is database
prince2
what is software
what is the scientific method
pmp certification
project management assignment
planning software
project management blog
project milestone
project management how to
effective procurement management
what is computer
what is democracy
pmbok 5th edition
what is internet
what is sharepoint
what is diversity
project management lecture notes
what is cloud computing
what is language
what is accounting
what is health
what is geography
books on project management
what is history
project tracking template
what is development
what is networking
project collaboration
project budget template
what is cloning
project management project plan
project management contract
microsoft project planner
project task management
how to manage a project
project management methodologies list
essentials of project management
global project management
projekt management
project manager construction
task management
task management software
hospital management
study project management
software project planning
ppm software
planning project management
management project
open source project management tool
marketing project
project management for it
product management software
project management overview
online project
sharepoint project management template
project planning and scheduling
project management worksheet
project planning steps
it project management certification
types of projects
procurement and management
pmbok procurement management plan
architectural project management
project controls
primavera project planner
project management mba
project scheduler
project tools
project plan templates
managing projects
project selection
what is it project management
library management
planning in project management
project manager training courses
software project management plan
examples of project management
resources management
project management cost
what is the project management
project management php
role of project management
program management software
project plan format
project management board
project management introduction
project manager it
procurement planning in project management
free project management template
procurement courses
software project plan
procurement and supplies management
procurement services
project management tasks
freelance project management
project management handbook
project estimation techniques
project planner template
program management tools
supply and procurement management
procurement supplier management
project management documentation
microsoft project plan
simple project plan template
project management template free
project managment tools
free project planning software
example of a project management plan
project management and planning
project plan template word
project management role
it projects management
project management manual
система управления проектами
project tracking system
project management is
project mangement
project scope template
project brief template
tool project management
services procurement management
course project management
project monitoring and control
project management engineering
planning a project
project management magazine
template for project management
project administration
project management plan template pmbok
procurement outsourcing
role of a procurement manager
project reporting
openoffice project management
project management building
healthcare project management
procurement plan template
meaning of project management
how to plan a project
management plan template
project planning and control
it project management training
corporate procurement manager
procurement management plan template free
project management microsoft
what is procurement management plan
android project management
project procurement services
projectmanagement.com
flow project management
project planning tool
website project plan
technical project management
system project management
project cost management plan
project on project management
microsoft project templates
projectplanning
project management forum
courses in procurement management
project management web based
importance of project quality management
outsourcing projects
planning project
project failure
the project management
erp project management
project monitoring tools
project resource planning
project management task
manage projects
project management in
project management projects
digital project management
building project manager
project task management software
endeavour software project management
project and project management
example of project plan
project in management
procurement management adalah
procurement management companies
procurement companies
project execution plan template
project plan document
what is the role of a project manager
project planning software free
it project plan
pmp online
project implementation plan template
project management outlook
pmbok 5th
what project management
templates for project management
project management simulation
project management crm
what is project management software
online project planning
project planner software
project management functions
how to project management
project management suite
project management information
project management for information systems
courses in project management
templates project management
procurement management notes
task software
oil and gas project management
управление проектом
it project management courses
project management technology
dashboard project management
systems project management
it project management templates
управление проектами онлайн
project plan outline
project plan software
project management plan templates
project management contracts
procurement processes
it project management services
notes on project management
construction management services
project management essay
aspects of project management
planning template
example project plan
all about project management
project creep
notes on procurement management
importance of project planning
courses project management
системы управления проектами
project management contractor
architect project management
windows project management
project management components
it project plan template
project management bootcamp
project planing
inventory management project
project on hospital management
simple project plan
project examples for project management
it project management tools
project mgmt
mba in procurement management
event project management
project management sample projects
planning and project management
linux project management software
roles of procurement manager
management plan example
example of a project plan
project on stress management
commercial project management
software project plan template
what is project management all about
project management specialist
project planning techniques
it project management methodologies
download project management software
cost project management
free project scheduling software
sample project plans
turnkey project management
project scheduling tools
project managemnt
what is the role of project manager
program plan template
creative project management software
managing a project
sample project plan template
it program manager
project management diagrams
successful project
project action plan template
engineering project management software
project checklist template
project management sw
pmp procurement management notes
sample of project plan
property project management
online project planner
project management for
project management canada
information technology project manager
project management what is
importance of project
project management time
the importance of procurement management
free project planner
project for project management
project planning templates
project planners
it project management plan example
examples of project plans
project planning online
functions of project management
what is project planning and management
project manag
roles of a procurement manager
project management erp
template project plan
design project management software
project planning phase
project management spreadsheets
critical path management
project management plan format
project management information technology
project planning and management notes
it services management
project management form
project in project management
example project management
project cost management software
plan project management
project management processes pmbok
project mgt
how to manage projects
task project management
cost management project management
cost management plan template
manager project
financial project management
manage project
project management sample project plan
 

2 comments:

  1. Superb explanation & it's too clear to understand the concept as well, keep sharing admin with some updated information with right examples.Keep update more posts.
    Procurement Management Software in India
    Procurement Management Software
    Procurement Management Software in Chennai

    ReplyDelete
  2. These ways are very simple and very much useful, as a beginner level these helped me a lot thanks fore sharing these kinds of useful and knowledgeable information.
    Procurement Management Software
    Purchase Management Software
    e Procurement Management Software

    ReplyDelete