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6 Cards in this Set

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Project Procurement Management
12.0 - Project Procurement Management

processes necessary to purchase or acquire products, services or results needed from outside the project team. the organization can be either the buyer or seller of the products, services or results of a project

[ref: PMBOK p. 313]
Project Procurement Management process groups
12.1 - plan procurements
12.2 - conduct procurements
12.3 - administer procurements
12.4 - close procurements

[ref: PMBOK p. 313]
Project Procurement Management process 12.1
12.1 documenting project purchasing decisions, specifying the approach and identifying potential sellers

[ref: PMBOK p. 313]
Project Procurement Management process 12.2
12.2 - conduct procurements

process of obtaining seller responses, selecting a seller and awarding a contract

[ref: PMBOK p. 313]
Project Project Procurement Management process 12.3
12.3 - administer procurements

process of managing procurement relationships, monitoring contract performance and making changes and corrections as needed

[ref: PMBOK p. 313]
Project Procurement Management process 12.4
12.4 - close procurements

process of completing each project procurement

[ref: PMBOK p. 313]