Plan Procurement Management

[three_fourth]
Plan Procurement Management is part of the “Procurement Management” Knowledge Area, and is part of the “Planning” Process Group.

Plan Procurement Management is the process of documenting project procurement decisions, specifying the approach, and identifying potential sellers. The key benefit of this process is that it determines whether to acquire outside support, and if so, what to acquire, how to acquire it, how much is needed, and when to acquire it.

Plan Procurement Management identifies those project needs that can best be met or should be met by acquiring products, services, or results outside of the project organization, versus those project needs which can be accomplished by the project team. When the project obtains products, services, and results required for project performance from outside of the performing organization, the processes from Plan Procurement Management through Close Procurements are performed for each item to be acquired.
The Plan Procurement Management process also includes evaluating potential sellers, particularly if the buyer wishes to exercise some degree of influence or control over acquisition decisions. Thought should also be given to who is responsible for obtaining or holding any relevant permits and professional licenses that may be required by legislation, regulation, or organizational policy in executing the project.
The requirements of the project schedule can significantly influence the strategy during the Plan Procurement Management process. Decisions made in developing the procurement management plan can also influence the project schedule and are integrated with Develop Schedule, Estimate Activity Resources, and make-or-buy analysis.
The Plan Procurement Management process includes evaluating the risks involved with each make-or-buy analysis. It also includes reviewing the type of contract planned to be used with respect to avoiding or mitigating risks, sometimes transferring risks to the seller.

This definition was found in the PMBOK V5

Go back to the Glossary or to the Mapping
[/three_fourth]
[one_fourth_last]
Plan Procurement Management has:
Inputs:

  • Activity cost estimates
  • Activity Resource requirements
  • Enterprise Environmental Factors
  • Organizational Process Assets
  • Project Management Plan
  • Project Schedule
  • Requirements documentation
  • Risk Register
  • Stakeholder register

Outputs:

  • Change Requests
  • Make-or-buy decisions
  • Procurement documents
  • Procurement management plan
  • Procurement statement of work
  • Project documents updates
  • Source selection criteria

Tools and techniques:

  • Expert judgment
  • Make-or-buy Analysis
  • Market research
  • Meetings

[/one_fourth_last]

Leave a Reply

Your email address will not be published.