Project management discipline

Procurement & Contracts

Plan external lead times and maintain visibility of contracted cost commitments.

Management question

Can suppliers meet the need date and contractual cost expectations?

3 focused tools

Frame

State the decision and the audience before selecting a metric.

Confirm status date, units, baseline, source owner, and confidence.

Record the conclusion, decision owner, threshold, and next review.

Available analyses

Plan sourcing, supplier, transit, and buffer time.

Track commitments, reserves, and contract variance.

Calculate the Point of Total Assumption for a fixed-price incentive fee contract and show the seller risk zone.