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PMP Project Management Professional Study Guide, 5th Edition by Joseph Phillips

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Chapter 12

Introducing Project Procurement Management

CERTIFICATION OBJECTIVES

12.01   Planning for Purchases

12.02   Conducting Procurements

12.03   Controlling Procurements

Images   Two-Minute Drill

Q&A     Self Test

 

Projects routinely require procurements. They need materials, equipment, consultants, training, and many other goods and services. Project procurement management is the process of purchasing the products necessary for meeting the needs of the project scope. It involves planning, sourcing and acquiring the products or services administering the contract, and closing out the contract. Procurement management, as far as the PMP exam is ...

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