Chapter 10. Procurement management
This chapter focuses on the topic of project procurement management, which, like the other knowledge areas, begins with a process of planning that, in this case, produces a procurement management plan. It then uses this plan to carry out the procurement work, which involves making decisions about whether or not to procure goods, services, or resources from external sources and if so, how to advertise and award the contract, and what form of contract to use. Procurement management also involves monitoring contractual terms for performance and also includes a process for making sure all contracts are formally closed.