The controlling of procurement is a crucial step in the entire procurement process because it includes protecting your organization from breach of agreement, keeping track of the seller’s performance, maintaining good relationships with your sellers, paying out of your budgets for contract work and incentives, processing formal changes as needed, and closing out any procurement documents once the work has been completed and approved. Your organization may also have knowledge bases just for your vendors, where in everything is kept and updated. I know we had to hold on to our contracts for eight years after they were closed to be compliant. Your mileage may vary. Another best practice we followed was seller surveys and procurement audits.

CompTIA Project+ Certification Guide
By :

CompTIA Project+ Certification Guide
By:
Overview of this book
The CompTIA Project+ exam is designed for IT professionals who want to improve their career trajectory by gaining certification in project management specific to their industry. This guide covers everything necessary to pass the current iteration of the Project+ PK0-004 exam.
The CompTIA Project+ Certification Guide starts by covering project initiation best practices, including an understanding of organizational structures, team roles, and responsibilities. You’ll then study best practices for developing a project charter and the scope of work to produce deliverables necessary to obtain formal approval of the end result. The ability to monitor your project work and make changes as necessary to bring performance back in line with the plan is the difference between a successful and unsuccessful project. The concluding chapters of the book provide best practices to help keep an eye on your projects and close them out successfully. The guide also includes practice questions created to mirror the exam experience and help solidify your understanding of core project management concepts.
By the end of this book, you will be able to develop creative solutions for complex issues faced in project management.
Table of Contents (13 chapters)
Preface
Introduction to the CompTIA Project+ Exam (PK0-004)
Project Initiation
Project Roles and Responsibilities
Developing a Project Charter
Creating a Work Breakdown Structure (WBS)
Developing a Project Schedule
Resource Management Planning and Communication Considerations
Budget and Contingency Plans for Risk
Monitoring and Controlling Project Work
Formal Project or Phase Closure and Agile Project Management
Assessments
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