From the course: Project Management Foundations: Procurement
Join today to access over 25,600 courses taught by industry experts.
Set up a contract change control system
From the course: Project Management Foundations: Procurement
Set up a contract change control system
The only thing in life that's constant is change. I know you've heard this before, but just because you've heard it doesn't mean you're prepared for it. I hate to break the news to you. If you don't have a process in place to deal with change when it inevitably occurs, you're in no better position than someone who didn't realize it was going to happen in the first place. In procurement management and project management in general, things change. This is why it's important to set up a contract change control system. It's the only way to modify a contract once it's been agreed upon and signed by all parties. So what exactly is a contract change control system? It's a process for collecting, analyzing, tracking, and communicating changes, both approved and denied to the contract. These changes have to be managed in an orderly fashion because they can affect your overall project. This system can be as detailed or as simple as your project demands. For example, on smaller, less complex…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.