Project Procurement Management Flashcards Preview

PMP Exam > Project Procurement Management > Flashcards

Flashcards in Project Procurement Management Deck (22):
1

What is the plan procurement management process

The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers

2

What is the conduct procurements process

The process of obtaining seller responses, selecting a seller, and awarding a contract

3

What is the control procurement process

The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate

4

What is The close procurements process

The process of completing each project procurement

5

Plan procurement management inputs

Project management plan
Requirements documentation
Risk register
Activity resource requirements
Project schedule
Activity cost estimates
Stakeholder register
Enterprise environmental factors
Organizational process assets

6

Plan procurement management tools and techniques

Make or buy analysis
Expert judgment
Market research
Meetings

7

Plan procurement management outputs

Procurement management plan
Procurement SOW
Procurement documents
Source selection criteria
Make or buy decisions
Change requests
Project documents updates

8

Conduct procurements inputs

Procurement management plan
Procurement documents
Source selection criteria
Make or buy decisions
Seller proposals
Project documents
Procurement SOW
Organizational process assets

9

Conduct procurement tools and techniques

Bitter conference
Proposal evaluation techniques
Independent estimates
Expert judgment
Advertising
Analytical techniques
Procurement negotiations

10

Conduct procurements outputs

Selected sellers
Agreements
Resource calendars
Change request
Project management plan updates
Project documents updates

11

Control procurements inputs

Project management plan
Procurement documents
Agreements
Approved change request
Work performance reports
Work performance data

12

Control procurements tools and techniques

Contract change control system
Procurement performance reviews
Inspections and audits
Performance reporting
Payment systems
Claims administration
Records management system

13

Control procurements outputs

Work performance information
Change requests
Project management plan updates
Project documents updates
Organizational process assets updates

14

Close procurements inputs

Project management plan
Procurement documents

15

Close procurements tools and techniques

Procurement audits
Procurement negotiations
Records management system

16

Close procurements outputs

Closed procurements
Organizational process assets updates

17

Types of fixed-price contracts

Firm fixed-price contracts
Fixed price incentive fee contracts
Fixed price with economic price adjustment contracts

18

Types of cost reimbursable contracts

Cost plus fixed fee contracts
Cost plus incentive fee contracts
Cost plus award fee contracts

19

What is a time and materials contract

A hybrid of contractual arrangements that contains aspects of both cost reimbursable and fixed-price contracts.

20

What is the control procurement process

The process of managing procurement relationships, monitoring contract performance and making changes and corrections to contracts as appropriate

21

Control procurements inputs

Project management plan

22

What is project procurement management

The processes necessary to purchase or acquire products, services, or results needed from outside the project team