Description

 
It is a set of criteria set by the buyer of a product or service that has to be met by the seller. In the procurement process, the bidders are evaluated by this process. 
 
Some popular methods include – 
 
Least Cost
Qualifications Only
Quality-based
Highest Technical Proposal Score
Quality and Cost Based
Sole Source
Fixed Budget.
 
It is an independently-used project management tool.

 

Where it is Used

It briefly mentions the specific places during project management where the tool or technique can be used.

Process Groups

This tool is used in the following Process Group(s) during the project management

Planning
 
Knowledge Areas

This tool is used in the following Knowledge Areas during the project management

Project Procurement Mgmt.
 
Activities
 
This technique is used while performing the following project management activities by the project manager and the team 
 
Plan Procurement Management
 
Process Group
Knowledge Area
Activity
Planning
Project Procurement Mgmt.
Plan Procurement Management
 
 
 
 
Copyrights Reserved (MyPMP)
 

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  3. RECOGNITION AND REWARDS – PMP Tools and Techniques
  4. REPRESENTATIONS OF UNCERTAINTY – PMP Tools and Techniques
  5. PROJECT REPORTING – PMP Tools and Techniques
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  7. INSPECTION – PMP Tools and Techniques
  8. INFORMATION MANAGEMENT – PMP Tools and Techniques
  9. FINANCING – PMP Tools and Techniques
  10. CRITICAL PATH METHOD – PMP Tools and Techniques
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Kailash B is a project management expert. He is passionate about helping people to excel in project and product management, become PMP certified, and progress in their management careers.

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