Project Procurement Management Video- PMP/CAPM (PMBOK 6 - ECO 2019)

Mudassir IqbalMarch 2, 2019PMP ConceptsNo comments

Project Procurement Management

Project Prourement Management Processes — **To Project Procurement Management Blog**

Project Procurement Management is a knowledge area where you would be using all skills that you have learned in other 9 knowledge areas. The Project Procurement Management processes deal with purchasing goods or services from vendors, contractors, suppliers, and others outside the project team. When we see the Procurement through the lenses of PMI, the sellers are external to the project team and we switch the job as Buyer and the customer to the seller. It is to understand that procurement is not your responsibility, but you will work closely with the Procurement team of your organization. it is also important to recognize your role within the organization in the procurement process as it may differ from organisation to organization and with the complexity of the procurement.

Project Procurement Management Processes

Plan Procurement Management (Planning)

Inputs	Tools and Techniques	Outputs
Project charter Business documents Business case Benefits management plan Project management plan Scope management plan Quality management plan Resource management plan Scope baseline Project documents Milestone list Project team assignments Requirements documentation Requirements traceability matrix Resource requirements Risk register Stakeholder register Enterprise environmental factors Organizational process assets	Expert judgment Data gathering Market research Data analysis Make-or-buy analysis Source selection analysis Meetings	Procurement management plan Procurement strategy Bid documents Procurement statement of work Source selection criteria Make-or-buy decisions Independent cost estimates Change requests Project documents updates Lessons learned register Milestone list Requirements documentation Requirements traceability matrix Risk register Stakeholder register Organizational process assets updates

Conduct Procurement (Execution)

Inputs	Tools and Techniques	Outputs
Project management plan Scope management plan Requirements management plan Communications management plan Risk management plan Procurement management plan Configuration management plan Cost baseline Project documents Lessons learned register Project schedule Requirements documentation Risk register Stakeholder register Procurement documentation Seller proposals Enterprise environmental factors Organizational process assets	Expert judgment Advertising Bidder conferences Data analysis Proposal evaluation Interpersonal and team skills Negotiation	Selected sellers Agreements Change requests Project management plan updates Requirements management plan Quality management plan Communications management plan Risk management plan Procurement management plan Scope baseline Schedule baseline Cost baseline Project documents updates Lessons learned register Requirements documentation Requirements traceability matrix Resource calendars Risk register Stakeholder register Organizational process assets updates

Control Procurement (Monitoring and Controlling)

Inputs	Tools and Techniques	Outputs
Project management plan Requirements management plan Risk management plan Procurement management plan Change management plan Schedule baseline Project documents Assumption log Lessons learned register Milestone list Quality reports Requirements documentation Requirements traceability matrix Risk register Stakeholder register Agreements Procurement documentation Approved change requests Work performance data Enterprise environmental factors Organizational process assets	Expert judgment Claims administration Data analysis Performance reviews Earned value analysis Trend analysis Inspection Audits	Closed procurements Work performance information Procurement documentation updates Change requests Project management plan updates Risk management plan Procurement management plan Schedule baseline Cost baseline Project documents updates Lessons learned register Resource requirements Requirements traceability matrix Risk register Stakeholder register Organizational process assets updates

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Mudassir Iqbal

I am the founder of Know Your Project (KYP) IT Consulting and Training Company. We are based in Pakistan but work extensively with middle-market businesses directly in the European, Middle East and South Asia Regions, as well as through partnerships with multinational companies like yours. I have personally delivered several digital change projects across many sectors globally - including construction, technology, finance, manufacturing, warehousing, logistics, telecommunication. My areas of expertise are concerned with Business Process Re-engineering (BPR), IT Governance and Assurance, PMO Setup, and Business and IT Agility. I also have substantial experience strategizing ERP implementations and have been working with Oracle, SAP, Microsoft Dynamics and Odoo for the best part of my professional life. Both nationally and internationally, I’m also providing in-depth, high-caliber executive development and training in various fields, covering topics such as project planning, project management, leading teams, cultural change. I’m a passionate writer and speaker on the topics of Digital Transformation, CIO, ERP and Project Management.