Procurement

Submitted by Haleem on Sat, 01/17/2015 - 13:04

Hi all,

What is meant by Procurement Contract Reward?

I read that 'Procurement Contract Reward ' should include how disputes will be resolved.

What else does Procurement Contract Reward includes?

Thanks

Haleem

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rkraneis's picture

rkraneis

Sat, 01/17/2015 - 17:36

Haleem,

I believe the phrase "procurement contract reward" is NOT a valid PMP phrase.

Instead, the phrase "procurement contract award" is certainly valid.

I just researched my old PMBOK 4 book using its index and found the answer to your question quickly.  I am fairly sure the PMBOK 5 book will discuss it.

So Haleem, I suggest you research PMP phrases in your PMBOK first, and if it's not present, in a complementary PMP book (Rita, Heldman, Crowe, or Akhter).

Best Wishes on Passing the PMP in 2015,

Richard Kraneis, PMP
Chicago, IL  USA