Mastering Risk and Procurement in Project Management: A Guide to Planning, Controlling, and Resolving Unexpected Problems

4. Plan Procurement Strategy

4.1 Introduction

Projects, by definition, are an endeavor to create a unique deliverable and therefore require resources, materials, and funding to accomplish an overall objective. Project size and complexity play a large role in what items are required to complete a project objective, and the structure of the organization can also play a role in what resources are available for project activities. One of the primary components of planning and executing a project is the acquisition of all resources, including human resources, materials, equipment, and facilities to accomplish a project objective, which is called conducting procurement.

Organizations differentiate themselves primarily by business type and size, based ...