Procurement Management Plan

Table of contents

Introduction

The Procurement Management Plan defines how goods and services will be acquired from outside the organization. Standard practice ensures fair, cost-effective, and timely procurement.

Procurement Approach

Explains overall strategy. Standard practice: competitive bidding, fixed-price contracts.

Vendor Selection

Details criteria for evaluating suppliers. Standard practice: cost, quality, reliability.

Contract Types

Defines contract models. Standard practice: fixed-price for clear scope, T&M for uncertain.

Procurement Schedule

Provides timing of major purchases.

Performance Metrics

Explains how vendors are evaluated. Standard practice: SLA compliance, on-time delivery.