Invitation for Bid The project management term invitation to bid is also referred to by the easy to remember three letter anagram IFB....
Make-or-Buy Analysis A make-or-buy analysis is a general project management technique that is used to identify if a particular work can be...
Make-or-Buy Decisions n project management, project managers need to make strategic choices when it comes to procuring items from suppliers. The make-or-buy decisions...
Market Research Market research is another tool used in project management. It is the process of gathering information from different sources like...
Payment Systems Payment systems are part of the Control Procurement process in project management. As part of the bigger process that involves...