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Achieve CAPM Exam Success by Frank Reynolds, Janice Preston, Diane Altwies

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CHAPTER 12 PROCUREMENT

PROCUREMENT MANAGEMENT

The procurement management knowledge area is focused on the knowledge and skills a project manager must have in order to successfully manage external entities as deliverers of specific project deliverables. Not all projects utilize resources that are readily available within an organization. More often than not, resources—both individual and corporate—are engaged to facilitate a project’s delivery. Project managers conversant in good procurement processes can effectively leverage resources outside of their direct control.

According to the PMBOK® Guide, project managers are not expected to be procurement specialists; procurement organizational units do that. However, project managers must understand ...

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