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Advertising is a way to communicate to customers. It plays a vital role in competition and project management. Aside from being important for the…
1 min readKnowledge topic
Procurement Management
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Procurement planning, contracts, make-or-buy decisions, vendor selection, and commercial project controls.
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What is a constructive change?
A constructive change occurs when work beyond the agreed-upon contract requirements is performed without formal documentation or a change order. These situations typically arise…
3 min readWhat is a procurement audit?
Once you’ve closed out a procurement, it’s important to conduct a procurement audit. This is where you go over everything that happened on the…
1 min readWhat is a Fixed Price Contract?
This is also referred to as a firm fixed price contract or a lump sum contract. Here the buyer and seller agree in advance…
1 min readWhat is a Fixed Price Economic Price Adjustment (FPEPA) Contract?
This is a fixed price contract combined with a pay rate adjustment based on changes to economic conditions such as: Cost of labor or…
1 min readWhat is a Fixed Price Incentive Fee (FPIF) Contract?
A fixed price incentive fee (FPIF) contract is a fixed price contract combined with an incentive fee. The seller will receive a bonus for…
1 min readWhat is a boilerplate contract?
A boilerplate contract is a standardized agreement that a seller, vendor, or service provider offers to customers. These contracts often use pre-written terms and…
4 min readClose Procurements
Knowledge Area Procurement Management Process Group Closing Close Procurements Inputs Project Management Plan Procurement Documents Close Procurements Tools and Techniques Procurement Audits Procurement Negotiations…
1 min readPerform Quality Control
Knowledge Area Quality Management Process Group Monitoring and Controlling Perform Quality Control Inputs Project Management Plan Quality Metrics Quality Checklists Work Performance Data Approved…
1 min readControl Procurements
Knowledge Area Procurement Management Process Group Monitoring and Controlling Control Procurements Inputs Project Management Plan Procurement Documents Agreements Approved Change Requests Work Performance Reports…
1 min readTraining connection