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Managing the Performance-Based SOW to Maximize Results

Creating a clear performance-based Statement of Work (SOW) is just the first step in ensuring the project receives the services expected.

The next step is to ensure the SOW is being executed according to the terms, which means regular monitoring and responding to issues. This topic helps the procurement professional understand their role in managing performance-based Statements of Work for their organization's projects. The material provides best practices and techniques for assessing progress, monitoring quality, and addressing changes, all while working within the time and resource constraints of the project. Ignoring the relationship between the project, provider, and your company can contribute to short-term success but long-term failure. This topic provides information critical for procurement professionals to be successful maximizing the performance-based Statement of Work.

Runtime: 86 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • The Performance-Based Statement of Work
  • Key Responsibilities of Procurement
    • Administering the Details
    • Monitoring Delivery
    • Managing the Relationship

Administering the Details

  • Validating the Needs of the Project
  • Understanding the Objectives of the SOW
  • Knowing the Roles Involved

Monitoring Delivery

  • Working With the Project Manager to Capture Status
  • Tracking and Assessing Progress per the SOW
  • Monitoring Quality
  • Addressing Changes

Managing the Relationship

  • Involving the Right Stakeholders
  • Knowing When to Escalate

Conclusion

  • Q&A
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on January 22, 2020.

Call 1-866-352-9540 for further credit information.

  • ISM 1.25
     
  • Participants who successfully complete this program will receive 1.25 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Lisa-Ann Barnes, PMP, Project+

Lisa-Ann Barnes, PMP, Project+

IreeTec Incorporated

  • President of IreeTec Incorporated
  • More than 20 years’ experience in project management in multiple industries and business functions
  • Developed an adaptable methodology for project management and has implemented it successfully in many companies
  • Helps organizations, teams, and individuals improve their project management capabilities through strategy development, project management office implementations, and training
  • On-site, virtual, self-paced training classes on several project management topics
  • Author of several books about project management
  • Adjunct faculty at Northwestern University and recipient of the Distinguished Teaching Excellence Award
  • Certified as Project Management Professional from Project Management Institute and Project+ from CompTIA
  • B.S. degree in finance, University of Illinois, Urbana, Illinois
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Product ID: 402908
Published 2020
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