procurement management You can have several contracts for a single project The first Procurement Management process is Plan Purchases and Acquisitions. It's a familiar planning process, and you use it to plan out all of your procurement activities for the project. The other five processes are done for every contract. Here's an example. Say you're managing a construction project, and you've got one contract with an electrician and another one with a plumber. That means you'll go through those five processes two separate times, once for each contractor. Executing process group Monitoring & Controlling process group Closing process group