Performance Metrics for Procurement Activities [This section describes the metrics to be used for procurement activities associated with the project. These metrics may be used to ensure the project stays on schedule regarding procurement activities. They may also be used to compile data on the performance of various vendors in order to assist with future procurement vendor selection criteria.] activities’ While the purchasing and contracts department has their own internal metrics for procurement, the following metrics are established for vendor performance for this procurement activities. Each metric is rated on a 1-3 scale project’s as indicated in the sample below: Vendor Product On Time Documentation Development Development Cost Transactional Quality Delivery Quality Costs Time per Efficiency Unit Vendor #1 Vendor #2 1 Unsatisfactory – 2 Acceptable – 3 - Exceptional Sponsor Acceptance [The undersigned acknowledge they have reviewed and approve the procurement management plan for the Sample Project. Changes to this procurement management plan will be coordinated with and approved by the undersigned or their designated representatives]. Signature: Date: Print Name: Title: Role: Signature: Date: Print Name: Title: Role:
Performance Metrics for Procurement Activities [This section describes the metrics to be used for procurement activities associated with the project. These metrics may be used to ensure the project stays on schedule regarding procurement activities. They may also be used to compile data on the performance of various vendors in order to assist with future procurement activities’ vendor selection criteria.] While the purchasing and contracts department has their own internal metrics for procurement, the following metrics are established for vendor performance for this project’s procurement activities. Each metric is rated on a 1-3 scale as indicated in the sample below: Vendor Product Quality On Time Delivery Documentation Quality Development Costs Development Time Cost per Unit Transactional Efficiency Vendor #1 Vendor #2 1 – Unsatisfactory 2 – Acceptable 3 - Exceptional Sponsor Acceptance [The undersigned acknowledge they have reviewed and approve the procurement management plan for the Sample Project. Changes to this procurement management plan will be coordinated with and approved by the undersigned or their designated representatives]. Signature: Date: Print Name: Title: Role: Signature: Date: Print Name: Title: Role:
Procurement%20Management%20Plan%20Template.docx