Control Procurements Flashcards
Monitoring & Controlling (9 cards)
What is the purpose to Control Procurements?
Process of managing procurement relationships, monitoring contract performance, and making changes and corrections as needed.
What are the tools and techniques in Control Procurements?
1) Contract Change Control System, 2) Procurement Performance Reviews, 3) Inspection and Audits, 4) Performance Reporting, 5) Payment Systems, 6) Claims Administrations, 7) Records Management Systems
What is Contract Change Control Systems?
Outlines the processes and procedures for modifying contracts.
What is Procurement Performance Reviews?
Structured review of sellers progress.
What is Performance Reporting?
Informing the stakeholders of seller’s effectiveness.
What is Payment Systems?
Used to facilitate invoices.
What is Claims Administrations Procedures?
Process of resolving disputes.
What is Record Management Systems?
Used by project manager to manage procurement records.
What is Inspection and Audits?
Ensure a seller is following the quality protocols called for by the contract.
