Procurement Management - PMBOK

Plan Procurement Management -  The process of documenting project procurement decisions, specifying the approach and identifying potential sellers.

 Conduct Procurements - The process of obtaining seller responses, selecting a seller, and awarding a contract.

 Control Procurements -  The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate.

 Close Procurements - The process of completing each project procurement.



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