Thursday, December 28, 2017

PMP Exam Prep PMI Project Management Training - Education Edge Mississauga and Toronto

PMP Exam Prep  PMI Project Management Training - Education Edge Mississauga and Toronto


PMP Exam Preparation. The Key to Success is Confidence. The Key to Confidence is Preparation. Getting your Project Management Professional (PMP®) certification can benefit your career.


The best PMP Certification PMI Project Management Training  in Mississauga and Toronto by the number 1 institute in GTA.


Join Education Edge number 1 rated program in Mississauga, GTA and Toronto for PMP Certification PMI Project Management Training 


Visit Education Edge for PMP Certification PMI Project Management Training at educationedge.ca

Friday, December 22, 2017

PMP Certification PMP training course  Mississauga - Education Edge 


Another PMP success story at Education Edge. Jaspreet Joyea becomes the 65th person to pass PMP Certification. Congratulations Jaspreet on your tremendous success and ending the year on a high .


Get PMP Certified before the PMP exam changes on March 26 2018.


Call us or meet us at Education Edge Mississauga location.


Wednesday, December 20, 2017

PMBOK 5 changes, last PMP Certification Course at Education Edge



PMP Certification Course at Education Edge starts Jan 13 2018. This will be the last course running on PMBOK 5 Schedule. Join the most talked about PMP Certification Course in Canada. 


Call us at 6476209490 or visit us at educationedge.ca for more details on PMP Certification Course.

Sunday, December 17, 2017

Education Edge Nov 26 Course comes to an end

PMP Course at Education Edge that started on Nov 26 comes to an end. Everyone is motivated to get PMP Certified before the exam changes in March. Thank you  everyone for your support and well wishes. 



Thursday, December 14, 2017

Jaimin Das on passes his PMP Exam

The good news story at Education Edge continues. In 2017 as of now we have maintained  PMP Certification pass rate at 100%. Now 61 attempts at PMP Exam and 61 PMP Certified. Wanted to take this opportunity to congratulate Jaimin Das on passing his PMP Exam. Once again Jaimin  we are all proud of you. 


For more info about PMP Certification visit us at educationedge.ca

Monday, December 11, 2017

Congratulations Bilal- PMP Certified

Wanted to take this opportunity to congratulate Bilal Javed on completing hiS PMP. Another great example of staying persistent and striving towards a desired goal. This year BILAL is now 60th course participant to pass his PMP out of 60 attempts. Education Edge maintains 100% pass record for PMP Certification course for 2017. Congratulation BILAL ON THIS REMARKABLE ACHIEVEMENT.


Saturday, December 02, 2017

Education Edge Oct 28 course ends

Education Edge PMP Certification course that started on Oct 28 successfully completed. David Odigie, gave away the PMP Completion certificates to all the 20 participants.



Friday, December 01, 2017

Sukhveer Baidwan - #59 PMP Certified in 2017

Congratulations Sukhveer Baidwan on getting your PMP. 


We at Education Edge are very proud of you and your commitment to the end. There are many people who start the PMP journey but drop off along the line. 


They say quitters don't win and winners don't quit. You are a true winner.


Congratulation Again on you PMP Success.


PMP Certification is not nice to have any more, it is a must if you want to progress in project management.


Wednesday, November 29, 2017

Soheil Mosavi, PMP

Join me in celebrating Shoeil Mosavi, PMP. The PMP CLUB 2017 now at 58 attempts and 58 passed.

The good news story at Education Edge continues. In 2017 as of now we have maintained  PMP Certification pass rate at 100%. Now 58 attempts at PMP Exam and 58 PMP Certified. Wanted to take this opportunity to congratulate Soheil Mosavi on passing his PMP Exam. Once again Soheil  we are all proud of you. For more info visit us at educationedge.ca


Tuesday, November 28, 2017

10,000 views on our PMP BLOG - Education Edge

Yet another milestone at Education Edge. Celebrating 10,000 views of our blog, developed as an authoritative knowledge base in preparing for PMP Exam just for our students.


Check out our blog at- 

educationedge.ca


Anil Kotian - PMP Certified #57

The good news story at Education Edge continues. In 2017 as of now we have maintained 100% pass rate. 57 attempts at PMP and 57 PMP Certified. Wanted to take this opportunity to congratulate Anil Kotian on passing his PMP. A great achievement and that too for life. Once again Anil we are all proud of you.


Wednesday, November 22, 2017

Guidelines for PMP application

At Education Edge in our PMP COURSE, we provide all the help in every aspect of PMP. Therefore we are now called The One Stop PMP shop. Here are the Guidelines for filling up a PMP application:


Guidelines for filling the application:


1. Please provide only a line about your project. It does not matter what your project is, what matters to PMI is what did you do as  a project manager / lead. Use the following blurb as a part of your project description (considering you have only 500 characters, having all the key words below is critical).


The purpose of the project was -------------------. I was accountable for end to end execution of the project. 

Developed the Idea creation, project charter and

Identified the stakeholders & developed the project management plan along with subsidiary plans. Managed the budget along with resources, change request & change management. Facilitated resolution of issues & risks.

Delivered the project on time and ensured successful transition along with lesson learned.


2. Have 3 projects, like in the sample application that was sent to you. Please do not overlap the timelines of your project. Steer away from entering just one project or showing you are a part of the program. Based on the historical data, PMI does not seem to like Program content in project management application.


3. The application is simple. however does require around 2 hours. When Dave and I usually fill up the application,s we tend to block some time in our calendars and get it done in one sitting. A library or a Coffee Shop are some places that you can use to fill up my application.


4. This is a project management certification and your role must align with it. Please use Project lead or project manager or program manager for your role. If you are a test lead I will fill up the Role Column as Project Lead / Test Manager.


5. The best practice around allocating hours to various process groups or phases is as follows. Try to keep your hours within the range provided below.

Initiating - 10% - 12% of your project Duration

Planning - 15% - 25% of your project Duration

Executing - 25% - 40% of your project Duration

Monitoring and Controlling - 15% - 25% of your project Duration

Closing - 5% - 10% of your project Duration

Tuesday, November 21, 2017

Rachel speaking about another success story

Meeting expectations is not sufficient, delivering excellence requires surpassing expectations of our Stakeholders. That’s what we do at Education Edge as well as Talent Connected. Our consulting practice delivers value to over 50 organizations. We have established PMOs, taken them to a level of maturity and most importantly helped evolve organizational practices. We are a lean company with optimized processes. 

Thursday, November 16, 2017

NOV 26 course officially closed - 24 participants enrolled

The PMP Certification course starting November 26 is officially closed...we are now enrolling for the January 13th session with a few spots remaining.  Visit our website www.educationedge.ca or call today to reserve your seat 647.620.9490.  - 

See more at www.educationedge.ca

Tuesday, November 14, 2017

PMBOK 6 arrival- let’s embrace the new change

Lately we have received so many inquiries from Project Managers that are in a panic to pass the PMP Exam before it changes to align with the new PMBOK6.  
For anyone who has attempted the exam recently or is in the rhythm of studying – you should definitely try to clear it before the changes are introduced at the end of March 2018.

Those that have not cracked open the Fifth Edition for the first time yet you may want to start with the PMBOK6 instead for many reasons.

1.) A lot has happened since the Fifth Edition was first released at the end of 2012.  Why learn from the dated standard when the new one is available.  That would be like installing Windows 7 when 10 is available and the trend is moving towards the Cloud (maybe not the best analogy, but you get my point! )

2.) There is a greater focus on Agile/Adaptive methodologies in the Sixth Edition.  For most of us this is our reality as it has become the preferred approach for most organizations – not just IT and the banking industry anymore. 

3.) The structure of the PMBOK has also changed, it’s now divided into 3 parts: the Guide, the Standard and Supporting section

4.) There is an entire Chapter dedicated to the role of a Project Manager

With these and many other changes, we are busy updating all our course material and revising our Exam Engine to prepare our students for PMBOK6 starting with our January 2018 session.  For more information visit us at www.educationedge.ca or drop by our Mississauga office.  - 
See more at 

Monday, November 13, 2017

Expectations Adherence Indicator

Increase the Expectations Adherence Indicator on the projects by understanding, managing and finally meeting Stakeholders needs. 


Important tool that that can help achieve this will be to  conduct facilitation sessions with Stakeholders to separate needs from desires.

Friday, November 10, 2017

Hemant Dhariyal, speaking at Young President’s Organization


Hemant Dhariyal presents to leaders in a banking conference. Hemant spoke about the balancing Strategy, Tactics and Operations to stay aligned with meeting vision and mission of the organization.

Education Edge- MasterClass Program

Want to be a part of our MasterClass Program. 
Be Strategic, Get Certified and Forge Ahead. 
Be a PGMP- Be a class APART. 

Wednesday, November 08, 2017

Happiness = Reality / Expectations

Happiness is the ratio of REALITY FROM EXPECTATIONS. When Reality and Expectations lose alignment unhappiness triggers in. 


Happiness = Reality / Expectations


Projects also fail when stakeholders Expectations and the perceptions of value that stakeholders  feel they will get from a new process is not met. Stakeholders at times are guilty of presenting requirements as demands that are non-negotiable and we as project leaders fail to balance them with reality by presenting  constraints associated with stakeholders expectations.


PRIORITIZATION IS THE TOOL IN LIFE AND PROJECT MANAGEMENT  THAT CAN KEEP EVERYONE HAPPY.

Tuesday, October 31, 2017

PMP SEP 9 Course

Sunday, October 29, 2017

Education Edge Oct 28 Course starts- 20 participants

Education Edge October 28 Course with 20 participants and again another Full House. Also celebrating Sandeep’s exceptional result on the PMP Exam. 


Friday, October 27, 2017

Sandeep Gill- A Unique Feat- Education Edge PMP CERTIFIED # 55

A unique feat by Sandeep Gill yesterday. He got PMP Certified on 26 October. The uniqueness of the feat is not getting PMP Certified (at Education Edge we maintain a 100% pass-rate), however it is the exceptional result. Sandeep passed PMP with “Above Target” on all the Process Groups (competencies PMP Exam tests you on). In 2010, Dave and I were also part of this elite PMP GROUP with Above Target (those days PMI  used “Proficient”  and there were only 78 people in the world. 

Sandeep we at Education Edge take this opportunity to congratulate you on this tremendous feat. We are proud of your achievement and most importantly showing others that “YES WE CAN”. 

PMP is one of the most valued credential and can add value to your career path and at times put you around phenomenal people. 

Great Job Sandeep.

EDUCATION EDGE TICKER - 55 ATTEMPTS & 55 PMP Certified.



Sunday, October 22, 2017

September 9 Course comes to an end

Education Edge PMP SEP COURSE CONES TO AN END. Next course starts Oct 28


Friday, October 20, 2017

Ayaz Barmare, PMP speaks to the class

Tuesday, October 17, 2017

PMP PASSOUTS FROM AUGUST 2017 speaking with participants of Sep 9 course

Wednesday, October 11, 2017

PMP PREP COURSE SCHEDULE

Oct 2017 (Oct 28 - Dec 02)
SessionDate and DayTimings Comments
1Sat Oct 28 2017Timings 9am - 5 pmIn Class
2Sat Nov 04 2017Timings 9am - 5 pmIn Class
3Sat Nov 11 2017Timings 9am - 5 pmIn Class
2Sat Nov 18 2017Timings 9am - 5 pmIn Class
3Sat Nov 25 2017Timings 9am - 5 pmIn Class
4Sat Dec 02  2017Timings 9am - 5 pmIn Class
Dec 3 - Dec 10 (Review, Retrospect & Rest)
Dec 11 - Jan 09 (Sprint geared towards PMP Certification)
Last PMP Course  2017 (Nov 26 - Dec 17)
SessionDate and DayTimings Comments
1Sun Nov 26 2017Timings 10am - 5 pmIn Class
2Sun Dec 03 2017Timings 10am - 5 pmIn Class
3Sat Dec 9 2017Timings 9am - 5 pmIn Class
2Sun Dec 10 2017Timings 10am - 5 pmIn Class
3Sat Dec 16 2017Timings 9am - 5 pmIn Class
4Sun Dec 17 2017Timings 10am - 5 pmIn Class
Dec 17 - Dec 26 (Review, Retrospect & Rest)
Dec 27 - Jan 25 (Sprint geared towards PMP Certification)
First PMP Course 2018 (Jan 13 - Jan 28)
SessionDate and DayTimingsComments
1Sat Jan 13 2018Timings 9am - 4 pmIn Class
2Sun Jan 14 2018Timings 10am - 4 pmIn Class
3Sat Jan 20 2018Timings 9am - 4 pmIn Class
4Sun Jan 21 2018Timings 10am - 4 pmIn Class
5Sat Jan 27 2018Timings 9am - 4 pmIn Class
6Sun Jan 28 2018Timings 10am - 4 pmIn Class
Jan 29 - Feb 02 (Review, Retrospect & Rest)
Feb 2 - March 1 (Sprint geared towards PMP Certification)

Saturday, October 07, 2017

Congratulations Ayaz Barmare

Congratulations Ayaz Barmare on getting PMP Certified. A great example of hard work, intent and persistent behaviour. We at Education Edge celebrate your success. 54 attempts at PMP and 54 PMP CERTIFIED. An unparalleled and never heard before 100% PASS RATE . Dave and I thank you all for helping us provide quality at the highest level and allowing us for being a part of your success story. 

Once again AYAZ- CONGRATULATIONS ON YOUR PMP DESIGNATION.

Friday, September 29, 2017

Congratulations Wahid Arai - PMP Certified

Congratulations Wahid and all recent PMPs from Education Edge.


53 attempts on PMP EXAM AND 53 Certified, 100% Pass rate


We are very proud of your achievements. The best part of your career just began.


For those of you still undecided about the exam, there is danger in delay. You need to give your study the last push and take the exams as soon as possible. The more you delay, the more you forget some concepts discussed in the PMP class.


We are here to celebrate your success- MESSAGE BY -DAVE ODIGIE


Education Edge - YOUR LIFE LONG LEARNING PARTNERS




Saturday, September 23, 2017

Congratulations Mohammad on your PMP

Wanted  to take this opportunity to congratulate Mohammad on passing PMP. Incredible achievement and a great milestone for life. 52 attempts and 52 passed at EDUCATION EDGE.

Tuesday, September 19, 2017

Artur Gasparyan, PMP - congratulations

Congratulations Artur, 

What an achievement. Artur Gasparyan, PMP , THE NEW MEMBER OF EDUCATION EDGE PMP CLUB 2017. 

Artur is our 51st pass out in 2017, 51 attempts 51 passes.

Let's keep up the good work and continue moving forward. 

Congratulation Kavita Mehta, PMP

Hello Folks: : wanted to congratulate Kavita on achieving the great feat. Kavita Mehta, PMP  is a  great signature. PMP does require hard work and consistent preparation and attaining this designation confirms it. Congratulations once again . 

This is also a milestone for EDUCATION EDGE AS WE CELEBRATE YOUR SUCCESS. You are the one who marks 50th PMP THIS YEAR. 

Monday, September 18, 2017

Success in infectious - AUG CBAP course

Success is infectious- PICTURE of our AUG CBAP (BUSINESS ANALYSIS) Course. Education Edge doing it right and creating expertise. The reason we have in such a short time grown to become a force to be reckon with speaks about the trust and relationship we have formed. With over 100 consultants, we continue to deliver value to our clients.  




Thursday, September 14, 2017

Here is the Hiring Outlook for Canada -Fiscal 2018

Tuesday, September 12, 2017

49 passes this year and still counting

Congratulations Ameena on passing PMP Exam that too with Above Target Score. Very well done and well deserved. Education Edge Team is proud of your achievement. We wish you all the best in your future endeavors.

Monday, September 11, 2017

Another success story

I wanted to take this opportunity to congratulate Pretti on attaining PMP. A great achievement!! Attaining PMP designation comes with hard work, dedicated effort and most importantly remaining productive. Pretti has demonstrated great intent in the past  3 months to use her time, intellect, skills and knowledge to maximize positive outcome. Congratulations Pretti, PMP.  Welcome to Education Edge PMP Club. 

Education Edge maintaining an almost 100% pass record in the past 4 years.

Saturday, September 02, 2017

Education Edge - Stakeholder Knowledge Area

Knowledge Area #10 – Stakeholder


Critical Highlights:

• stakeholders are groups/individuals who may affect / be affected by the project
• identify stakeholders is a continually process throughout the project lifecycle
• identify stakeholders, communicate and engage them, manage expectations and focus on satisfaction
• stakeholder satisfaction is a key project objective
• the Project Manager is responsible for the engaging and managing the various stakeholders in a project


Processes (4)

1. Identify Stakeholders

2. Plan Stakeholder Management

3. Manage Stakeholder Expectations

4. Control Stakeholder Expectations

 

1. Identify Stakeholders

• identify stakeholders and document their importance/influence (=active involvement) /impact/interest/involvement
• 3 ‘I’s: importance, interest, influence
• stakeholders from operation process needed to be included
• determine the stakeholders’ hot buttons (what response in specific situations) and develop support strategies
• procurement documents are used for determining external stakeholders such as the seller
• stakeholders have the greatest influence in the initial stage of the project
• stakeholder analysis matrix is part of the stakeholder management strategy (output of identify stakeholders)
• Salience Model: describing stakeholders based on the power (influence), urgency and legitimacy
• document only influential stakeholders if there is a large number of stakeholders
• document the impact using a power/influence grid, power/interest grid, influence/impact grid, salience model

2. Plan Stakeholder Management

• management strategies to engage stakeholders throughout project lifecycle
• Stakeholder Management Plan contains: current/desired engagement levels, scope and impact to stakeholders, interrelationships, communication requirements and forms, how to update the plan
• The distribution of this plan requires precautions as the engagement level of stakeholders is a very sensitive information
• Engagement Level:
Unaware
Resistant: resistant to change
Neutral
Supportive: supportive of change
Leading: actively engaged for project success
• Stakeholder Engagement Assessment Matrix: (C-current level, D-desired level)

3. Manage Stakeholder Engagement

• aim: increase support and minimize resistance from stakeholders by addressing issues
• the communication requirements of individual stakeholder are recorded in the Project Communication Plan
• PM may call upon sponsor for assistance
• communicate and work with stakeholders to meet their needs/expectations and address issues
• build trust and resolve conflicts, negotiation skills, communication skills
• need to communicate bad news/issues in a timely manner
• feedback from stakeholders is stored in OPA
• the Issue Log (Action Item Log): to identify issues/define impacts, owner (most important element) and priority/with due date

 

4. Control Stakeholder Engagement

• monitor overall stakeholder relationships and adjusting strategies

 

Education Edge - Procurement Knowledge Area

Knowledge Area #9 – Procurement


Critical Highlights:

• Procurement Statement of Work (SOW) is a legal document subject to legal reviews, legal advise should be sought throughout the whole procurement process
• sellers are external to the project team
• need to go through all 4 processes for each and every procurement
• contract elements: offer (seller offer buyer), acceptance (buyer criteria), capacity (physical/financial capabilities), consideration (seller receive), legal purpose (must be legal under law)
• best if contract is signed after PM is assigned
• PM needs to understand terms and conditions, identify risks, include procurement time in schedule and involve in negotiations
• Centralized contracting vs decentralized contracting
• sole source, single source (preferred), oligopoly (very few sellers)
• procurement categories: major complexity (high risk), minor complexity (low risk, expensive), routine purchase (Commercial Off the Shelf Products COTS), goods and services (to perform part of our product)
• a contract is not required to be written, it can be verbal or handshake, for internal projects, formal contract is best
• procurement applies to actors (as a service)
• immaterial breach is minor breach
• point of total assumption (PTA) = Target Cost + (Ceiling Price – Target Price) / % Share of Cost Overrun


Processes (4)

1. Plan Procurement Management

2. Conduct Procurement

3. Control Procurements

 

1. Plan Procurement Management

• determine whether to obtain products/services outside of organization
• identify possible sellers and pre-meeting with them
• identify explicitly what is needed
• make-or-buy analysis is a compulsory process, needs to take risks into considerations
• carefully written terms and conditions can transfer/share risks
• teaming agreements or joint ventures
• procurement documents: request for proposal (RFP), invitation for bid (IFB), request for quote (RFQ), request for information (RFI), tender notice, invitation for negotiation, seller initial response
• the procurement management plan specifies how a project will acquire goods/services from outside, includes: contract type, risk management, constraints and assumptions, insurance requirements, form and format, pre-qualified sellers, metrics used, etc.
• Procurement Statement of Work (SOW) – performance (describe what can be accomplished), functional (convey the end purpose or result), design (convey precisely what are to be done), can be developed by the seller or buyer – detail enough to allow the potential sellers to decide whether they want/are qualified (at a minimum) to pursue the work
• Contract Types:
Firm Fixed Price (FFP) – the price is fixed, specifications are well known, risk on the seller
Fixed Price Incentive Fee (FPIF) – incentives for faster/better than contracted
Fixed Price with Economic Adjustment / Economic Price Adjustment (FPEA / FP-EPA) – inflation aretaken into account
Purchase Order (PO) – for off-the-shelf goods/services with published rates
Cost Reimbursable (CR) / Cost Plus – buying the expertise (not the products), outcome is not clear, risk on the buyer, little incentive to control costs on buyer, need invoice audits
Cost Plus Fixed Fee (CPFF)
Cost Plus Incentive Fee (CPIF) – incentive for performance, sharing of unused money if under/over contracted amount
Cost Plus Award Fee (CPAF) – award to be given based on agreed criteria, solely decided by the customer on the degree of satisfaction
Cost Plus Percentage of Costs (CPPC) – illegal for contracts with US Government
Cost Contract – no profit, for NGO
Best Efforts – obligates the seller to utilize best attempts, high uncertainty in meeting the goal
Time and Materials (T&M) – (hybrid type) when scope is not known, need constant monitoring to control schedule and cost, simple, for short duration, good for proof-of-concept type projects
• Point of Total Assumption – (in fixed-price (incentive fee) contracts) in budget overrun, the point at which the seller assumes all additional costs for delivering the product/service
• PTA = (Ceiling Price – Total Price) / Buyer’s Share Ratio + Target Cost
• target cost = total cost = estimated cost, total price = total cost + total profit
• Request for Proposal (RFP) – cost reimbursable contract, functional/performance SOW
• Invitation for Bid (IFB) / Request for Bid (RFB) – fixed-price contract, design SOW
• Request for Quote – time and material, any type of SOW
• Cancellation for Convenience – buyer can cancel and pay up to the point
• Cancellation for Cause – default by either party, may result in legal actions
• Escrow – survivability of seller in doubt, put the product in escrow (esp. if seller not give up intellectual properties)
• Force Majeure – standard disclaimer refers to ‘Acts of God’
• Indemnification / Liability – responsible party
• LOI Letter of Intent – not legally binding
• Privity – the contractor may use sub-contractor, no direct contractual relationship with buyer
• Retainage – amount to be withheld to ensure delivery
• Risk of Loss – how the risk is shoulder by the parties
• Time is of the Essence – delay in delivery will cause cardinal breach of contract
• Work Made for Hire – all work owned by the buyer
• Sole Source vs Single Source (preferred vendor – for long-term relationship)
• Evaluation Criteria: risk, understanding of need, life-cycle cost, technical capability, management approach, technical approach

 

2. Conduct Procurements

• identify the sellers and award the contracts
• PM may not be the lead negotiator on procurement, but may be present to assist
• may need senior management approval before awarding the contracts
• bidder’s conference is a Q&A session with bidders, all bidders receive the same information (bidder are careful not to expose their technical approach during the session => may not have many questions)
• NOT to have secret meetings or communications with individual vendors
• may set up qualified sellers lists
• review seller proposals: weighting systems, independent estimates, screening systems (screen out non-qualified vendors), seller ratings systems (for past performance), expert judgement
• Contract Negotiations and Tactics
Fait Accompli – not negotiable terms
Deadline – deadline for deliverables
Good Guy/ Bad Guy – one friendly, one aggressive
Missing Man – decision maker is missing
Limited Authority – not given authority
Fair and Reasonable – what is fair?
Unreasonable – making unreasonable demands
Delay – especially in critical moments
Attack – force compliance
• Agreement is legally binding and should include (PM should NOT attempt to write the agreement):
statement of work, schedule baseline, performance reporting, period of performance, roles and responsibilities, warranty, payment terms, fees and retainers, incentives, liability, penalties, etc.

 

3. Control Procurements

• performed by both seller and buyer
• manage procurement relationships, monitor contract performance, make change and corrections
• the procurement administrator may be external to the project team
• may identify early signs and capture details for pre-mature termination of contract
• the claims administration process deals with changes/disputes, disputes is best to be settled through negotiation > ADR
• may need Alternative Dispute Resolution (ADR) by 3rd parties in case disputes cannot be settled
• For Fixed Price contracts, look out for Bait and Switch (replace with cheaper materials), look out for excessive change requests
• For Cost Reimbursable contracts, audit all invoices, look out for additional charges, tie payment to milestones, make sure people with the required skill sets are doing the job
• For Time and Materials contracts, ensure hours are not padded, follow the milestone dates
• Contract Change Control System: for handling change requests (define who has the authority to approve changes (usually not the PM, but may be assigned the authority))
• Work performance data includes: the cost incurred and the invoice needs to be paid
• OPA may include the seller’s performance

 

4. Close Procurements

• all work are completed, deliverables accepted, claims settled OR terminated by either party
• at completion / termination of contract
• prior to administrative closure of Close Project or Phase
• unresolved claims may be left for litigation after closure
• settlement of claims/invoices, audit, archive, lessons learned
• the contract is complete when all the specifications are satisfied, no matter the customer is satisfied with the product or not
• Procurement Audit is the structured review of the procurement process from Plan Procurement Management through Control Procurements, is used to capture lessons learned from the procurement exercise
• once a procurement is cancelled, the next process will be the close procurements