Subtitles of the Movie

As you know, plan contracting is the second process within the Procurement Management Knowledge Area and in this movie we'll review what we've covered so far relating to the process through a review of the process-specific workbook exercises. You can find the 12 workbook questions relating to plan contracting within your Work Files. Let's move right into a review. The purpose of the process, which is the first question, is to document products, services and results requirements and identify potential sellers. Moving on to question two, three and four, covering the inputs, tools and techniques and outputs, aside from updates to the contract statement of work, the process generates the procurement documents and evaluation criteria that'll be used to select qualified potential sellers. To do this, we'll utilize standard procurement forms and expert judgment and you can see the inputs listed here with the information we'll need to do all of this. Next, you are asked to name at least two items utilized within the project management plan as inputs. The following are the six items noted during the process review, which you may have chosen from: risk register, risk-related contractual agreements, activity resource requirements, project schedule, activity cost estimates and the cost baseline. Question six a three-part, fill-in-the-blank question. Standard forms, a tool of the plan contract process, includes all the blank, blank and blank. The answers are procurement documents, templates and descriptions available. So the statement now read standard forms, a tool of the plan contracting process, includes all the procurement documents, templates and descriptions available. Question seven: what is the purpose of the procurement documents? That is to provide perspective sellers with sufficient information that'll allow them to determine whether they can provide their services to meet the project work objectives. Common terms for decisions based on pricing including, and there are three terms: bid, tender and quote. And question nine: common terms for decisions based on technical skill or approach include, and for this one there's just one term that was noted during your process review, which is proposal. And for question ten: common terms for initial response requests include, and the answer is invitation for bid, request for proposal, request for quotation, tender notice, invitation for negotiation and contractor initial response. Next, question 11 says evaluation criteria used by the seller to evaluate buyers can be subjective, objective or both. The answer is both. The criteria could be both subjective and objective. And the final question, name at least two examples of actual evaluation criteria that can be used. There are several you could have chosen from, so I'll go through this list: understanding of need, overall or lifecycle cost, technical capability, perspective seller's management approach, financial capacity, production capacity and interest, business size and type, references, intellectual property rights and proprietary rights. And that wraps up this movie and section, which focused on the plan contracting process.