PMP Project Management Professional Exam Review Guide by Kim Heldman & Vanina Mangano & Brett Feddersen

Author:Kim Heldman & Vanina Mangano & Brett Feddersen
Language: eng
Format: epub
ISBN: 9781119421085
Publisher: Wiley
Published: 2018-01-15T14:30:00+00:00

As with other plans, the procurement management plan can be highly detailed or broadly stated and can be formal or informal based on the needs of the project.

Procurement Strategy After procurement decisions are made, a procurement strategy document is pulled together and documents the following:

Delivery methods

Contract payment types

Procurement phases

Bid Documents Procurement documents are used to solicit vendors and suppliers to bid on procurement needs. These documents are prepared by the buyer to ensure as accurate and complete a response as possible from all potential bidders. Examples of procurement documents include the following:

Request for proposal (RFP)

Request for information (RFI)

Invitation for bid (IFB)

Request for quotation (RFQ)

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