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Section outline
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At the end of this lecture students should be able to:
- Understand the importance of project procurement management and the increasing use of outsourcing for information technology projects.
- Describe the work involved in planning purchases and acquisitions for projects, the contents of a procurement management plan and contract statement of work, and calculations involved in a make-or-buy analysis.
- Discuss what is involved in planning contracting, including the creation of various procurement documents and evaluation criteria for sellers.
- Understand the process of requesting seller responses and the difference between proposals and bids.
- Describe the seller selection process and recognize different approaches for evaluating proposals or selecting suppliers.
- Discuss the importance of good contract administration.
- Describe the contract closure process.
- Discuss types of software available to assist in project procurement management.
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