Procurement Processes Changes in the PMBOK Guide 4th Edition
Loading ...In this podcast Ricardo talks about the changes related to the Procurement processes, where some of the 6 processes described in the third edition of the PMBOK Guide were melted, resulting in 4 process at the PMBOK 4th Edition. This new structure gave more clarity and fluidity for the readers, summing up all the procurement process with the verbs “Plan”, “Conduct”, “Administer” and “Close”.
Other important aspect is the replacement of the term “contract” by the term “procurement”, giving more extend to the concepts, allowing that the processes cover the administration and closure of the the acquisitions without a “required” contract.
(This podcast is also avaiable in Brazilian Portuguese. Listen the Portuguese version)
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Very interesting and simple way to learn about the diference about procurement management at PMBOK 4th ed. All of the changes that PMI do in PMBOK 4th ed. are very importante in terms of comprehensiveness and simplifications of processes. Thanks.
I understand a valiant effort was made to recognize EVM in the section on Procurement as well, in the recent 4th Edition of the PMBOK. Logically, EVM can and does impact contract development and administration in a very direct and tangible way. It didn’t make it in this Edition, but maybe next.