Part 199: Agreements
(INPUT Project Integration Management: Develop Project Charter)
(INPUT Project Integration Management: Monitor and Control Project Work)
(INPUT Project Integration Management: Close Project or Phase)
(INPUT Project Scope Management: Collect Requirements)
(INPUT Project Schedule Management: Develop Schedule)
(INPUT Project Cost Management: Determine Budget)
(INPUT Project Resource Management: Control Resources)
(INPUT Project Risk Management: Identify Risks)
(INPUT Project Procurement Management: Control Procurements)
(INPUT Project Stakeholder Management: Identify Stakeholders)
(INPUT Project Stakeholder Management: Plan Stakeholder Engagement)
(OUTPUT Project Procurement Management: Conduct Procurements)
- Defines the initial intention for a project
- Forms of Agreements
- Contract
- Memorandum of Understanding
- Service Level Agreement (SLA)
- Letter of Agreement/Letter of Intent
- Verbal Agreement
- Project management team must ensure that the agreements meet the needs of the project, and adhere to organizational policies
- A contract is a legally binding document
- With an external customer, a Contract or SLA is typically used
- An agreement can include
- Statement of Work and Deliverables
- Schedule Baseline
- Performance Reporting
- Period of Performance
- Roles and Responsibilities
- Seller’s Place of Performance
- Pricing, Fees, & Retainers
- Incentives & Penalties
- Payment Terms
- Place of Delivery
- Warranty
- Product Support
- Insurance and Performance Bonds
- Subcontractor Approvals
- Change Request Handling
- Termination Clause and Alternative Dispute Resolution (ADR) Mechanisms
- In Procurement, an agreement provides
- Obligation for the seller to provide a specific product or service
- Obligation for the buyer to pay for a product or service
- Can contain
- Statement of work
- Deadline for delivering products or services
- Price including incentives and penalties
- Insurance
- Warranty