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All of the following are key outputs of Conduct Procurement except:
Resource Calendar
Agreements
WBS
Selected Seller
After negotiations are finalized, the parties can sign an agreement. A simple purchase may be documented on a purchase order (PO) or a basic ordering agreement (BOA). More complex purchases will have contracts with multiple components and be quite complex and lengthy. The following are components that you could see in a contract:
•Statement of work (SOW)
•Schedule baseline
•Performance reporting
•Roles and responsibilities
•Cost, fee structure, and payment terms
•Product acceptance criteria
•Warranty, limitation of liability, and product support information
•Insurance and performance bond requirements
•Change request process
•Termination and alternative dispute resolution mechanisms
Based on the contract, there may be changes and updates to other documentation, such as
•Resource calendars: You might have to add contractor resources and adjust the hours of in-house resources.
•Change requests: Changes to the work, approach, and elements of the project management plan might require changes.
•Project management plan updates: The schedule baseline, cost baseline, scope baseline, staffing plan, and procurement management plan might require updates.
•Project documents: Requirements documentation, the stakeholder register and stakeholder management strategy, and the risk register might require updates.
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