Chapter 12. Introducing Project Procurement Management

Projects routinely require procurements. Projects need materials, equipment, consultants, training, books, software, hardware, and lots of other stuff in order for the project to be successful. Project procurement management is the process of purchasing the products necessary to meet the needs of the project scope.

Procurement management also involves planning, requesting seller information, choosing a source, administering the contract, and closing out the contract. Procurement management, as far as your Certified Associate in Project Management (CAPM) and Project Management Professional (PMP) exams are considered, focuses on the practices from the buyer's point of view, not the seller's. Usually. Sometimes, you may be presented as the vendor that is completing a project for your customer, the buyer. You should also recognize that the seller can be seen as a contractor, subcontractor, vendor, or supplier. In whatever condition you're put into on your exam, always do what's "fair" for both parties and what's in the best interest of the project scope.