A Comparison and Contrast Between PM and CM Methodologies, Processes and Roles: Q&A

Steve is the founder and president of Contract Management Solutions Group (Products & Services Group, and Education Group). He is a published author and educator on integrating project management discipline into contract management.

  Legal Project Management   Lessons Learned   New Practitioners   Procurement Management   Work Breakdown Structures (WBS)  

Our webinar A Comparison and Contrast Between PM and CM Methodologies, Processes and Roles focused on contract management methodology and how it can be applied to an individual’s role and organization. Participants walked away from the webinar with renewed insight, and here the presenter tackles some of the questions from that session.

These are good questions, many of which I can help with, but some which I don’t have experience or expertise in. In those instances, I’ll tell you clearly that I don’t know, but I will at least try to point you in the right direction to get your question answered. I should include the caveat that my responses here are based on my knowledge and experience on that subject and that these are my opinions, not those of PMI or any other association or organization.

The next webinar session will have much more content, food for thought and something tangible you can use in your project management profession. Thank you again for your participation and questions.

1. In A Guide to the Project Management Body of Knowledge (PMBOK® Guide), do you think that the output of “conduct procurement” should be called "Procurement Agreement" and not just “Agreement”?
I think it depends on the type of agreement. An agreement can also be called an understanding, a contract, a subcontract or even a …

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