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12 - PROJECT PROCUREMENT MANAGEMENT

12 12

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 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.

Figure 12-1 provides an overview of the Project Procurement Management processes which include the
following: 12
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.

These processes interact with each other and with processes in other Knowledge Areas as described in detail
in Section 3 and Annex A1.

©2013 Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Fifth Edition 355
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