Project Procurement Management includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team. The organization can be either the buyer or seller of the products, services, or results of a project.
Project Procurement Management includes the contract management and change control processes required to develop and administer contracts or purchase orders issued by authorized project team members.
Project Procurement Management also includes controlling any contract issued by an outside organization (the buyer) that is acquiring deliverables from the project from the performing organization (the seller), and administering contractual obligations placed on the project team by the contract.
The list below provides an overview of the Project Procurement Management processes which include the following:
12.1 Plan Procurement Management?The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
12.2 Conduct Procurements?The process of obtaining seller responses, selecting a seller, and awarding a contract.
12.3 Control Procurements?The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate.
12.4 Close Procurements?The process of completing each project procurement.
Project Procurement Management includes the contract management and change control processes required to develop and administer contracts or purchase orders issued by authorized project team members.
Project Procurement Management also includes controlling any contract issued by an outside organization (the buyer) that is acquiring deliverables from the project from the performing organization (the seller), and administering contractual obligations placed on the project team by the contract.
The list below provides an overview of the Project Procurement Management processes which include the following:
12.1 Plan Procurement Management?The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
12.2 Conduct Procurements?The process of obtaining seller responses, selecting a seller, and awarding a contract.
12.3 Control Procurements?The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate.
12.4 Close Procurements?The process of completing each project procurement.
This definition was found in the PMBOK V5
Go back to the Glossary or to the Mapping