Project Procurement Management

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:

• 9 Steps to Become PMP Certified
• Project Planning and Scope Download pdf
• Project Scope Management: What It is and Why It's Important Download pdf

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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