fbpx

Reply: Contract Managemnt System

Name
E-mail
Your e-mail address will never be displayed on the site.
Subject
Message

Topic History of : Contract Managemnt System

Max. showing the last 6 posts - (Last post first)
6 years 8 months ago #11140

Tracy Shagnea, PMP

Tracy Shagnea, PMP's Avatar

Hi Puneet,

Taking a quick look thru the 5th edition of the PMBOK I don't find the term "contract management system" anywhere. The first lines of Chapter 12 on Project Procurement Management speak of contract management and change control processes related to procurement management. This refers to the processes used by the organization to manage their contracts/purchase orders. It could be an electronic system, entirely manual, or some combination of both. The point is that there are defined ways (processes) to handle the contracts and keep track of them.

The PMBOK glossary provides this helpful definition: Contract Change Control System - The system used to collect, track, adjudicate, and communicate changes to a contract.

I hope this helps a bit.

Regards,

Tracy
6 years 8 months ago #11136

Puneet

's Avatar

First few lines of procurement management chapter talks about contract management system ..
However no mention of this term in later chapter.

I have seen few questions about this term.

What is contract management system .... Pls advise

OSP INTERNATIONAL LLC
OSP INTERNATIONAL LLC
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Login