12. Procurement Management - Session Summary

In this section we have covered the following:


12.1 - Plan Procurement Management - Planning

  • The process of documenting project purchasing decisions, specifying the approach and identifying potential sellers.

12.2 - Conduct Procurements - Executing

  • The process of obtaining seller responses, selecting a seller and awarding a contract.

12.3 - Control Procurements - Monitoring & Control

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

12.4 - Close Procurements - Closing

  • The process of completing each project procurement.

The definitions shown above in italics is taken from the Glossary of the Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Fifth Edition,

What Next?

Test your knowledge with a series of exercises, or get started on the next module now:

Exercise - Project Procurement Management

Next Module - Project Stakeholder Management


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