Overview

Project Procurement Management includes the processes to purchase or acquire the products, services, or results needed from outside the project team to perform the work. This chapter presents two perspectives of procurement. The organization can be either the buyer or seller of the product, service, or results under a contract.

Project Procurement Management includes the contract management and change control processes required to administer contracts or purchase orders issued by authorized project team members.

Project Procurement Management also includes administering any contract issued by an outside organization (the buyer) that is acquiring the project from the performing organization (the seller), and administering contractual obligations placed on the project team by the contract.

Figure 12-1 provides an overview of the Project Procurement Management processes, and Figure 12-2 provides a process flow view of the processes and their inputs, outputs, and related processes from other Knowledge Areas.

The Project Procurement Management processes include the following:

12.1 Plan Purchases and Acquisitions determining what to purchase or acquire and determining when and how.

12.2 Plan Contracting documenting products, services, and results requirements and identifying potential sellers.

12.3 Request Seller Responses obtaining information, quotations, bids, offers, or proposals, as appropriate.

12.4 Select Sellers reviewing offers, choosing among potential sellers, and negotiating a written contract with each seller.

12.5 Contract Administration managing the contract and relationship between the buyer and...