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Project Management & Agile · Foundational

Project Procurement Management

Processes necessary to purchase or acquire products, services, or results from outside the project team.

Definition

Processes are Plan Procurement Management, Conduct Procurements, and Control Procurements. Closing procurements is handled within Control Procurements.

Example

The PM issues an RFP for a call-center platform and manages the resulting contract.

Exam tip

The contract is legally binding; changes go through the contract change control system.

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