Principle of Project Procurement Management - ENGINEERING MANAGEMENT

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Project Procurement Management includes the processes necessary to purchase or acquire products, services or results needed from outsi...

Principle of Project Procurement Management


Project Procurement Management includes the processes necessary to purchase or acquire products, services or results needed from outside the Project team 
The objective of this lesson is to understand the processes involved in the above 

Project Procurement Management includes the processes necessary to purchase or acquire products, services or results needed from outside the Project team 

The Project Procurement Management processes involve contracts that are legal documents between a buyer and a seller. 

 It is the Project Management team’s responsibility to make certain that all procurements meet the specific needs of the Project while adhering to organizational procurement policies.
Key Processes: 
1-Plan Procurement Management 
2-Conduct Procurements 
3-Control Procurements 
4-Close Procurements

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