Agreements

Agreements

Agreements are input or output in PMBOK processes. An agreement is a document that is signed between two parties. The agreement may be a legal document (where the legal system is involved) or a mutual document (where two parties are involved bypassing the legal system of the land). If the Agreement is legal then legal experts, advocates, and courts are involved in signing a document. For example, some place rent agreements for a building can be mutual agreements between landlord and tenant but at other places, it can be a court registered agreement. Examples of agreements in the project management world can be

• MOU (Memorandum of Understanding)
• SLA (Service Level Agreement)
• LOA (Letter of Agreement)
• LOI (Letter of Intent)

Typically an agreement is signed between an external party and project management organization but it can also be signed between different departments (of the same organization) involved in the project.

Agreements is output of Conduct Procurements

Agreements are input or need to be considered during following processes.

1. Develop Project Charter
2. Monitor and Control Project Work
3. Close Project or Phase
4. Collect Requirements
5. Develop Schedule
6. Determine Budget
7. Control Resources
8. Identify Risks
9. Control Procurements
10. Identify Stakeholders
11. Plan Stakeholder Engagement