Just like other knowledge areas, the first process in Procurement Management too is a planning process – Plan Procurement Management
This is the process where you figure out what all work you actually need to contract out to third party. Another important aspect of this process is creating a plan of how you are going to do it.
Procurement management in itself could be a bit difficult topic for those that have not done procurement in their projects. It is thus difficult to visualize an example of this process too. However, consider a simple office renovation project. Questions to look at,
- Would you do the job of the interior designer, carpenter, electrician and painter all by yourself? And also buy all the specialized power tools they use?
- Would you hire a full time interior designer, carpenter, electrician and painter and then fire them after the work is done in, lets say, 1 month?
- Would you sign a contract specifically for this task with the interior designer, carpenter, electrician and painter so that they know their scope of work in advance?
Hopefully, your answer was 3.
Similarly, there are several tasks in your project that are suitable for option 3. Figuring out all such tasks is the main job of this process.
When it comes to the inputs, tools and techniques and outputs of this process, there are certain concepts that you should be aware of which will be covered in other articles
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