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A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition by Project Management Institute

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12.2 Conduct Procurements

Conduct Procurements is the process of obtaining seller responses, selecting a seller, and awarding a contract. The key benefit of this process is that it provides alignment of internal and external stakeholder expectations through established agreements. The inputs, tools and techniques, and outputs of this process are depicted in Figure 12-4. Figure 12-5 depicts the data flow diagram of the process.

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During the Conduct Procurements process, the team will receive bids or proposals and will apply previously defined selection ...

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