Discover why you should set up a contract change control system. Also, find out why it needs to tie into your larger integrated change control system
The only thing in life that's constant is change.…I know you've heard this before,…but just because you've heard it,…doesn't mean you prepare for it.…I hate to break the news to you,…to deal with change, when it inevitably occurs,…you're in no better position than someone…who didn't realize it was going…to happen in the first place.…In procurement management and project management…in general, things change.…This is why it's important to set…up a contract change control system.…
It's the only way to modify a contract…once it's been agreed upon and signed by all parties.…So what exactly is a contract change control system?…It's a process for collecting,…analyzing, tracking, and communicating changes,…both approved and denied, to the contract.…These changes have to be managed in an orderly fashion,…because they can affect your overall project.…This system can be as detailed or as simple…as your project demands.…For example, on smaller less complex projects,…like agile projects, you might be able…to get away with minimal documentation…
- Describe the procurement manager’s role in the procurement process.
- Explore the essentials of good communication with vendors.
- Examine the steps in a contract change control system.
- Identify risks that might arise in a project.
- Define the purpose of a closeout meeting.
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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