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Project procurement management is the creation of relationships with outside vendors and suppliers for goods and services needed to co...

Project Procurement Management


Project procurement management is the creation of relationships with outside vendors and suppliers for goods and services needed to complete a project. This process is comprised of five steps, including initiating and planning, selecting, contract writing, monitoring, and closing and completing.

What are the 4 main processes of project procurement management?

The Planning Process. Project management for procurement is usually divided into four major processes: planning, selection, administering and closing procurements. The first part, planning, involves the creation of the official procurement management plan.
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