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Procurement Management

When to close procurements?

https://youtu.be/Jnex8ggSjKg While there used to be a 'Close Procurements' process in the pre-PMBOK 6 world, now that the process doesn't…

Shouldn’t the Legal Department be doing Contract Negotiations?

https://www.youtube.com/watch?v=-KCZ0fU64Bg As a Project Manager, are you expected to be a part of Contract Negotiations? If yes, shouldn't this be…

What is the difference between a Performance Review and an Audit?

https://www.youtube.com/watch?v=BBCa1T-V1m4 You can easily get confused between the terms Performance Review and Audit. Some might end up using these interchangeably…

Can a contract change after it is signed?

https://youtu.be/0aMs2f8qrNg Once a contract is signed, is it possible to make any change? Check out the answer in this video.…

Privity and Force Majeure

https://youtu.be/PfVmrTGx5Wc Force Majeure is a part of the Privity. Yes, those are the kind of horrible words you are dealing…

Point of Total Assumption

https://youtu.be/zFVWjAFAZdM Point of Total Assumption abbreviated as PTA, although not an important topic from PMP exam perspective, can come across…

Tools and Techniques of Control Procurements

https://youtu.be/g1sV7PzJF8c We have already discussed the Control Procurements process and we can now look into some of its Tools and…

Control Procurements Process

https://youtu.be/nHL0n5RKiU8 The third and the final process in Procurement Management knowledge area comes under the Monitoring and Controlling process group.…

Non-Competitive Forms of Procurement | Single Source | Sole Source

https://www.youtube.com/watch?v=pIbvf60t4Rg “A horse never runs so fast as when he has other horses to catch up and outpace.”Ovid Competition may…

Collective Bargaining Agreement

https://youtu.be/xZwf_tsPtVc As we continue our discussion on Procurement Management, it is important to introduce Union and Union Agreement. A group…