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PMP Exam Cram™ 2 by Greg Horine, David Francis

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Project Procurement Management

Another important set of project management executing processes are those dealing with project procurement management. We reviewed key concepts for procurement planning and solicitation planning in Chapter 5, “Project Planning—Facilitating Processes.” We will now review the important aspects of the executing processes of procurement management. The first procurement management executing process to review is solicitation.

Inputs to Solicitation

Solicitation has two inputs: procurement documents and qualified sellers lists. The procurement documents are the instruments used to request bids, proposals, or quotes from the potential sellers. Bids and quotes are used for selecting a proposal based on pricing. A proposal ...

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