Project Management

7 Procurement Terms You Should Know

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A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from RebelsGuideToPM.com.

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Categories: procurement


We need to measure project performance to see if the project is on track.

The graphic below shares some ideas on the different ways you can measure work performance. None of these suggestions is better than any other – they are all appropriate for different projects, environments and levels of project management maturity.

procurement terms infographic

Do you use any of these approaches to measure progress on your projects? Why (or why not)? Let us know in the comments section below!

If infographics aren’t you thing, you can get almost the same information (with perhaps a teeny bit more detail) over at this article:

7 Contract Terms You Should Know


Posted on: September 18, 2019 08:59 AM | Permalink

Comments (9)

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Alok Priyadarshi Project Manager| Tata Consulting Engineers Limited Jamshedpur, Jharkhand, India
Wonderful piece of information on procurement.
Thank you Elizabeth!!

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Collins Aluga Quantity Surveyor| MCK Contract Services Ltd Nairobi, Nairobi, Kenya
Thank you

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Manish Shrivastava Mumbai Thane And Navi Mumbai, Maharashtra, India
Nice Information

You also need Procure to Pay reporting/tool to monitor the involved procurement services with registered suppliers/ vendors including maintaining business relationship.

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Drew Craig Sr. Agile & Product Coach| Vanguard Philadelphia, Pa, United States
Thanks, Elizabeth. Have used CC, but most procurement is managed by the procurement team in my experiences.

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SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India
Quite Interesting and valuable information. Thanks..

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Suzi MS United Kingdom
Interesting nfographic thanks for sharing Elizabeth!

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Muhammad Waleed Jamshed Deputy Manager PMO| Riphah International University Lahore, Punjab, Pakistan
informative

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Eduin Fernando Valdes Alvarado Project Manager| F y F Fabricamos Futuro Villavicencio, Meta, Colombia
Very interesting, thanks for sharing

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TA TE YANG Vice General Manager| OmniHealth Group Inc Taipei City, Taiwan
Thank you for sharing your knowledge.

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