Execute the Supplier Agreement

• Monitor supplier progress and performance (schedule, effort, cost, and technical performance) as defined in the supplier agreement.
• Monitor selected supplier processes and take corrective action when necessary.
• Conduct reviews with the supplier as specified in the supplier agreement. Reviews cover both formal and informal reviews and include:
  • Preparing for the review
  • Ensuring that relevant stakeholders participate
  • Conducting the review
  • Identifying, documenting, and tracking all action items to closure
  • Preparing and distributing to the relevant stakeholders a summary report of the review
• Conduct technical reviews with the supplier as defined in the supplier agreement. Technical reviews typically include:
  • Providing the supplier with visibility into the needs and desires of the project’s customers and end users, as appropriate
  • Reviewing the supplier's technical activities and verifying that the supplier’s interpretation and implementation of the requirements are consistent with the project’s interpretation
  • Ensuring that technical commitments are being met and that technical issues are communicated and resolved in a timely manner
  • Obtaining technical information about the supplier’s products
  • Providing appropriate technical information and support to the supplier
• Conduct management reviews with the supplier as defined in the supplier agreement. Management reviews typically include:
  • Reviewing critical dependencies
  • Reviewing project risks involving the supplier
  • Reviewing schedule and budget
  Technical and management reviews may be coordinated and held jointly.
• Use the results of reviews to improve the supplier's performance and to establish and nurture long-term relationships with preferred suppliers.
• Monitor risks involving the supplier and take corrective action as necessary.
• Revise the supplier agreement and project plans and schedules as necessary.