Project Procurement Management

Project Procurement Management

Project Procurement Management PMBOK 6Edition Definition
Project Procurement Management 
Project Procurement Management includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team. 
Project Procurement Management includes the management and control processes required to develop and administer agreements such as 
  • Contracts, 
  • Purchase orders,
  • Memoranda of agreements (MOAs), 
  • Internal service level agreements (SLAs).
See also:
The personnel authorized to procure the goods and/or services required for the project may be members of the project team, management, or part of the organization’s purchasing department if applicable.

Project Procurement Management processes include the following

1-Plan Procurement Management: The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers. 
2-Conduct Procurements: The process of obtaining seller responses, selecting a seller, and awarding a contract. 
3-Control Procurements: The process of managing procurement relationships, monitoring contract performance, making changes and corrections as appropriate, and closing out contracts.

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