Procurement Management Plan Glossary Definition

Term Procurement Management Plan
Definition

A Procurement Management Plan explains how goods, services, suppliers, contracts, and procurement responsibilities will be handled for a project.

Context & Usage

It helps align purchasing work with schedule, budget, risk, legal, and stakeholder needs.

Related concepts include Stakeholder and Procurement.

Procurement staff, project managers, and sponsors use this concept when selecting suppliers, managing contracts, reviewing deliverables, and closing vendor obligations.

Related concepts include Procurement and Vendor.

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