http://www.alsenosy.com | http://www.professionalengineers.usKey concepts for Project Procurement Management include thefollowing:
o Theproject manager should be familiar enoughwith the procurement processto make
intelligentdecisionsregardingcontractsandcontractualrelationships.
o Procurement involves agreements thatdescribethe relationship between abuyer anda
seller.Agreementscanbesimpleorcomplex,andtheprocurementapproachshouldreflect
thedegreeofcomplexity.Anagreementcanbeacontract,aservice-levelagreement,an
understanding,amemorandumofagreement,orapurchaseorder.
o Agreementsmustcomplywithlocal,national,andinternationallawsregardingcontracts.
o Theprojectmanagershouldensurethatallprocurementsmeetthespecificneedsofthe
project,whileworkingwithprocurementspecialiststoensurethatorganizationalpoliciesare
followed.
o Thelegallybindingnatureofanagreementmeansitwillbesubjectedtoamoreextensive
approvalprocess,ofteninvolvingthelegaldepartment,toensurethatitadequately
describestheproducts,services,orresultsthatthesellerisagreeingtoprovide,whilebeing
incompliancewiththelawsandregulationsregardingprocurements.
o Acomplexprojectmayinvolvemultiplecontractssimultaneouslyorinsequence.Thebuyer-
sellerrelationshipmayexistatmanylevelsonanyoneproject,andbetweenorganizations
internaltoandexternaltotheacquiringorganization.- Answer: B.
PMBOK® Guide, page 678 , SectionX4.10
Key concepts for Project Stakeholder Management include thefollowing: Everyprojecthasstakeholderswhoareimpactedby,orcanimpact,theprojectina
positiveornegativeway.Somestakeholderswillhavealimitedabilitytoinfluencethe
project’sworkoreconomies;otherswillhavesignificantinfluenceontheprojectand
itsexpectedoutcomes.
Theabilityoftheprojectmanagerandteamtocorrectlyidentifyandengageallofthe
stakeholdersinanappropriatewaycanmeanthedifferencebetweenprojectsuccess
andfailure.
To increasethe chancesofsuccess, the process ofstakeholder identification and
engagementshouldcommenceassoonaspossibleaftertheprojectcharterhasbeen
approved,theprojectmanagerhasbeenassigned,andtheteambeginstoform.
Thekeytoeffectivestakeholderengagementisafocusoncontinuouscommunication
withallstakeholders.Stakeholdersatisfactionshouldbeidentifiedandmanagedasa
keyprojectobjective.
Theprocessofidentifyingandengagingstakeholdersforthebenefitoftheprojectis
iterative,andshouldbereviewedandupdatedroutinely,particularlywhenthe project
movesintoanewphase,oriftherearesignificantchangesintheorganization orthe
widerstakeholdercommunity.