Project Procurement Management

Master Project Procurement for Project Success Not all project procurements are the same. Unless the project carefully assesses the items it will make versus the items it will buy, and then adequately plans for these purchases, the risks of performance will increase. Project procurements are simply sub-projects, which need to be managed well, not blindly delegated to an independent organization to buy for the project. This guide zeroes in on the effective management of that portion of the project which will be performed by another organization. It focuses on the procurement of scope from an organization outside of the project. Learn how to: Plan, define, solicit, authorize, and manage external relationships Effectively manage project procurements Understand different contract types Mitigate risks in procurement Navigate legal complexities Improve supplier relationships This book has been updated to be consistent with Chapter 12 of the Fourth Edition of the PMBOK ® Guide.