Discover how the Control Procurements process fits into procurement. Also, find out what happens if there’s a disagreement between you and your vendor, along with best practices to resolve it.
- Imagine, you've just chosen a vendor … for your railroad project and signed a contract with them. … The hard part is over, … now it's time to kick back and sip on some lemonade. … Hmm, not so fast. … You have to stay focused on your end goal. … An end goal is for you to successfully … deliver your project to your customer. … So before you start dreaming of living happily ever after, … you need to make sure your vendor holds up … their end of the bargain. … And you do this by controlling procurements. … To control procurements means you: … manage vendor relationships, … monitor contract performance, … make appropriate contract changes, … and close out your contract. … Sounds simple enough, right? … Well the importance of this process … can't be underestimated. … It ensures that your vendor's performance … meets the expectations … that were agreed upon in the contract. … There are contractual and legal implications, … so it's important that all contract changes … are documented and communicated with any stakeholders …
- Defining procurement management
- Identifying the project manager’s role
- Tailoring procurement techniques for your organization
- Dealing with conflicts of interest
- Controlling procurements
- Implementing procurements in six stages
- Rapid procurement
- Reverse auctions
Skill Level Intermediate
Project Management Foundations: Integrationwith Oliver Yarbrough44m 25s Intermediate
Project Management Foundations: Scheduleswith Bonnie Biafore2h 7m Intermediate
Project Management Foundationswith Bonnie Biafore3h 20m Beginner
What to know before watching1m 27s
1. Procurement Management Overview
2. Common Procurement Pitfalls
3. Critical Procurement Success Factors
4. Procurement Management Processes
5. How to Implement Procurements
6. Emerging Trends: Project Procurement Management
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