Planning procurement management
What you would need to procure for your project depends on many different situations. Do you need to augment your staff? Do you need materials and equipment from outside the organization? You will need to do what is called a make-or-buy analysis. Can we make it if we gain the right parts from outside the organization? Can we buy what we need outright? Rental decisions are discussed, as well. Should we rent computers or buy them? Rent warehouse space or buy a warehouse? These are questions that need answers before anything is determined. Procurement can happen at any time in a project, not just during the planning stage. Sometimes, a project kicks off with a contract, and the last thing we do is close out our contracts before the project or phase can be considered closed as well.
The resulting procurement management plan will include the necessary roles and responsibilities to ensure the right resources are in place for the project.
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