Project Management - Procurement 2/2

What are the nine main components of a procurement management plan?

• Rules and responsibilities, project scheduling, vendor control, estimating, pre-qualified vendors, risk management, legal jurisdiction, payment method, communication management

• Project manager, technical manager, contract managers, corporate executive, lawyers, external contractors, vendors, suppliers, service providers

• Scope baseline, schedule baseline, cost baseline, project management plan, communication management plan, risk management plan, procurement plan, quality management plan, human resource management plan

• Project goals, business needs, milestones, delivery approach, project scope, deliverables, work breakdown structure, resources, project schedule

What is the first component of a procurement management plan?

• Estimating

• Vendor control

• Project scheduling

• Rules and responsibilities

What is the purpose of a communication management plan?

• To define project goals, identify project milestones, and allocate project resources

• To manage project risks, control vendors, and estimate project costs

• To monitor project progress, track project performance, and analyze potential issues

• To establish a centralized reference for stakeholders, streamline communication, and increase project visibility

What is the benefit of having a project baseline?

• Increases project visibility, boosts productivity, and makes meetings more efficient

• Provides visibility into project progress, helps monitor performance, and identifies potential issues

• Streamlines communication, reduces confusion, and avoids conflict

• Establishes a starting point for the project, organizes project scope, and instills confidence in stakeholders

What is the second step in creating a project baseline?

• Planning the total cost of the project

• Creating the project schedule

• Breaking down and categorizing the work into a breakdown structure

• Linking the budget to the schedule

What is the primary function of the communication management plan?

• To ensure that all stakeholders are aware of legal requirements

• To provide feedback before project launch

• To create a realistic expectation among stakeholders

• To establish a centralized reference for stakeholders

What is the third process in project communication management?

• Plan communication management

• Monitor communication

• Manage communication

• Develop an approach for project-based communication activities

What is the purpose of the cost baseline in a project?

• Outlines all the work needed to reach the end goal

• Sets the projected timeline and dates for milestone completion

• Defines project scope and deliverables

• Breaks down the project budget into categories

What is the fourth step in creating a project baseline?

• Creating the project schedule

• Linking the budget to the schedule

• Breaking down and categorizing the work into a breakdown structure

• Planning the total cost of the project

What is the benefit of having a project baseline?

• Increases project visibility, boosts productivity, and makes meetings more efficient

• Establishes a starting point for the project, organizes project scope, and instills confidence in stakeholders

• Streamlines communication, reduces confusion, and avoids conflict

• Provides visibility into project progress, helps monitor performance, and identifies potential issues