Plan Procurement Management by Sean Whitaker

About the Lecture

The lecture Plan Procurement Management by Sean Whitaker is from the course Archiv - PMP Training – Become a Project Management Professional (EN). It contains the following chapters:

Plan Procurement Management
Key themes
Procurement Management
Types of Contract
Point of Total Assumption (PTA)
Example
Summary

Included Quiz Questions

Which of the following would not be useful as an input with developing a procurement management plan?

Procurement management plan.
Requirements documentation.
Project schedule.
Stakeholder register.

You have considered all the potential issues, costs and benefits of either making a piece of equipment yourself or outsourcing the manufacture to another company. What tool or technique is this an example of?

This is an example of make-or-buy analysis.
This is an example of SWOT analysis.
This is an example of Monte Carlo analysis.
This is an example of vendor bid analysis.

Which type of contract places the risk with the buyer?

Time and materials.
Firm fixed price.
Cost reimbursable.
Lump sum contract.

You have entered into an agreement with a seller to provide the goods you require for your project. You have selected to use a fixed-price incentive fee form of contract with a target cost of $100,000, a target price of $120,000, a ceiling price of $140,000, with a sharing ratio of 80/20 to the buyer. What is your point of total assumption?