Thanks for your interest in Project Procurement Management (PMBOK®). You find hereafter the definition and the processes involved in Project Procurement Management and free downloadable templates. I developed the templates over time from real life documents. You find the download links in the download area of this page.
A solid Project Procurement Management Plan is very important. The Project Procurement Management Plan is a component of the Project Management Plan. It describes how a team will acquire goods and services from outside of the performing organization.
Definition of Project Procurement Management
The PMI™ defines Project Procurement Management as:
Project Procurement Management are the processes necessary to purchase or acquire products, services, or results needed from outside the project team to execute a project. (PMBOK® Guide)
Project Procurement Management Processes
The PMI™ defines the processes as follows:
- Plan Procurement Management
- Plan procurement management is the process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
- Conduct Procurement
- Conduct procurement is the process of obtaining seller responses, selecting sellers, and awarding contracts.
- Control Procurement…
- … is the process of managing procurement relationships, monitoring contract performance, making changes and corrections as appropriate, and closing out contracts.
How to Manage Project Procurement?
Efficient Project Procurement Management surprisingly is an area that gives some project managers a bit of a hard time, while it is recognized being a major determinant of project success. Failure to plan and develop the best suitable procurement approach is among the primary causes of project dissatisfaction or failure. Why is this so?