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What does the PMBOK Guide say about invoicing?
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The PMBOK does not discuss invoicing at all. It discusses closing a project. I found it kind of odd that closing the project did not include phrases like, “Collect final payment.” There is also no discussion regarding the use of progress payments throughout a project.
You are speaking from the perspective of a seller of products and services. The PMBoK Guide (at least the original, 1996 version where I was the primary author) stated explicitly that it was written from the perspective of the buyer. If you are the buyer, there are no invoices.
In addition, the use of progress payments by the buyer was covered. Might have been deleted since.
Finally, the 1996 version explicitly excluded coverage of general management topics where there was no fundamental difference between how a project team would deal with a subject and how it would be handled in a non-project organization. Topics such as invoicing and collections would fall into that category.
That’s a great question. In order to properly prepare for the PMP, including everything you’ll need to know about invoices, I would definitely suggest some pmp exam training.