Figure 34. Conduct Procurements: Inputs, Tools and Techniques, and Outputs. Reprinted from "A Guide to the Project Management Body of Knowledge (PMBOK Guide), 5th Edition" by Project Management Institute, 2013, p. 371. Copyright 2013 by Project Management Institute, Inc. Reprinted without permission.
Process Assessment
In order for this process to be successful, the procurement management plan must be completed and provide the necessary guidance as to how the project team will acquire goods and services from outside the organizational resources. Before a seller can be chosen, each must submit their proposal, or bid, for the services or material they wish to provide. Once bids have been gathered, each will be assessed according the project criteria and the procurement management plan. Only then can a decision be made.
Artifacts
1. PMGT 614 Bicycle Procurement Plan: This group assignment developed the procurement plan to best identify the approach to be used when conducting procurements. As an input to the procurement process, the plan helps identify the types of contracts, material, and methods to be used in procuring work force and material required.
2. Procurement Negotiations: This PMGT 611 Essay addresses the importance of negotiations. As a tool & technique understanding and establishing a negotiation strategy will help ensure a win-win for all parties concerned.
3. Bicycle Training Wheel Change Requests: This PMGT 614 Group assignment deals with a customer requested change to the existing project. As a result of this change, additional manpower and material was required to completed the work scope change. This request serves as an output to the conduct procurements process.
icons at the top right corner of the subsection.