Procurement is the process of acquiring the goods, services, and physical resources needed for a project that the organization does not have available internally.
Like many other project processes, procurement can happen at any time during a project, but if planned for can be performed smoothly.
Project managers likely won’t be the role that deals with negotiations, contracts, laws, or regulations that are necessary for procurement. However they work with the procurement experts, facilitate the process, integrate the procurement into the project work, and monitor performance.
Procurement is one of the primary parts of a project that you develop a plan for, along with scope, budget, schedule, project team, resources, and risk.
Want to learn more about Project Management? See my Project MGMT publication for these 30 key PM topics:
Projects, lifecycle, management, manager, methodologies, the triangle, stakeholders, deliverable, team, charter, scope, budget, schedule, planning, baselining, milestones, dependencies, resources, risk, procurement, communication, ceremonies, integration, backlog, whiteboard, closure, software tools, office(r), code of ethics, body of knowledge
Leave a Reply