When to close procurements?
While there used to be a ‘Close Procurements’ process in the pre-PMBOK 6 world, now that the process doesn’t exist anymore, how are procurements closed? We tackle the question in …
When to close procurements? Read MoreProcurement Management
Shouldn’t the Legal Department be doing Contract Negotiations?
As a Project Manager, are you expected to be a part of Contract Negotiations? If yes, shouldn’t this be something that your Legal department take care of? These are legit …
Shouldn’t the Legal Department be doing Contract Negotiations? Read More
What is the difference between a Performance Review and an Audit?
You can easily get confused between the terms Performance Review and Audit. Some might end up using these interchangeably as well. So what exactly is the difference between the two? …
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Can a contract change after it is signed?
Once a contract is signed, is it possible to make any change? Check out the answer in this video. RELATED LINKS PROCUREMENT MANAGEMENT: FAQshttp://bit.ly/ProcurementMgmtFAQs PROCUREMENT MANAGEMENThttp://bit.ly/ProcurementManagement VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe …
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Privity and Force Majeure
Force Majeure is a part of the Privity. Yes, those are the kind of horrible words you are dealing with in contracts. Although, as a Project Manager, you are not …
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Point of Total Assumption
Point of Total Assumption abbreviated as PTA, although not an important topic from PMP exam perspective, can come across as a convoluted concept. Few things that you should know before …
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Tools and Techniques of Control Procurements
We have already discussed the Control Procurements process and we can now look into some of its Tools and Techniques. But before that, below is the PG-KA mapping for your …
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Control Procurements Process
The third and the final process in Procurement Management knowledge area comes under the Monitoring and Controlling process group. It is called Control Procurements. Below is the PG-KA mapping, Once …
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Non-Competitive Forms of Procurement | Single Source | Sole Source
“A horse never runs so fast as when he has other horses to catch up and outpace.” Ovid Competition may bring out the best but what if there is no …
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Collective Bargaining Agreement
As we continue our discussion on Procurement Management, it is important to introduce Union and Union Agreement. A group of employees within an organization can be represented by an independent …
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