This page summarises the management of projects and project programmes, with emphasis on the procurement function.
Every project has a finite life, which passes through a number of phases. The boundaries between some of these phases may be indistinct, and phase overlapping is common. However, key events or milestones can usually be identified that usher in each new phase or signal the end of a dying one.
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The three terms supplier appraisal, supplier approval and supplier rating are sometimes confused. Each of the three terms has been defined in this paper.
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Procurement practitioners however, are fully aware of the important role that they play in risk management, quality and bottom line contribution.
Performance monitoring of suppliers is a fundamental part of contract management (CIPS: Performance Monitoring of Suppliers).