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• *Process of documenting project procurement decisions, specifying the approach, and identifying potential sellers..
• **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.
• Includes evaluating the risks involved with each make-or-buy analysis, reviewing the type of contract planned to be used with respect to avoiding or mitigating risks, sometimes transferring risks to the seller.
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*This definition is taken from the Glossary of the Project Management I
International trainer ENG . Hassan Shalaby
Procurement plan is the same as the elements of a strategic plan, which is crucial to the success of the development and implementation of the project. These elements include the objective, which is clearly in line with the task of the facility; measurable goals, and strategies and tactics that are consistent with the internal and external factors, and a plan to measure to ensure the achievement of results
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The process where a lnk gets conncted with external vendors and supplier for completion of a projecct with the need of goods and services. The basic 5 step process for this will be 1. Initiating / Planning 2. Selecting the proper plan 3. Writing and Undeerstanding of Contracts 4. Monitoting of Project and 5. Closing or Completion of Project
The purpose of "Procurement Management" he is the one who making planning for activities for purchasing to the agent to order the materials in the company operations, that involves also supplier evaluation in the company.
*Process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.. this started after Receiving data from client.
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