Agreement Management: A Project Management Process Area at Maturity Level 2
The purpose of Agreement Management (AM) is to ensure that the supplier and the acquirer perform according to the terms of the supplier agreement.
AM helps to prevent problems, such as suppliers that cannot meet requirements, by providing a proactive approach to supplier management and visibility into supplier activities. Well-executed SSAD processes provide significant leverage to success in AM.
The Agreement Management process area involves the following activities:
• Executing the supplier agreement
• Monitoring supplier processes
• Accepting the delivery of acquired products
• Managing supplier invoices
The legal nature of many acquirer–supplier ...