Conduct Procurements
Figure 34:Conduct Procurement s: 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. Newton Square, PA: Project Management Institute, Inc. Reprinted without permission
Figure 34: Conduct Procurement above depicts all the possible inputs tools and techniques resulting in Selected sellers, Agreements, Resource calendars, Project management plan updates and Project documents updates.
12.2 Conduct Procurements
Process Definition
Conducting procurement s entails putting out a Request For Proposal a selecting a seller who best meets the request for proposal requirements by awarding the seller a contract. The contract solidifies the terms of the agreement and set out certain performance criteria which both parties must abide by.
Process Assessment
Procurement of materials and resources from sellers through contract spells out requirements and specifications in the form of a Request for Proposal. In this way, the buyer clearly defines the conditions and terms of the agreement, which the seller must abide by to qualify and provide a proposal plan, or contract, which fulfills the requirements.
Conduct Procurements
12.2.1
Input
Procurement Letter of Submittal 614:
This is an input Procurement document letter asking a long-time supplier to reduce the price by nine percent.
12.2.2
Tools and Techniques
Conduct Procurement's Summary 612:
In PGMT 612, this is a summation, which details tools and techniques plus ethical considerations for contracting.
12.2.3
Outputs
This letter of acceptance and output releases the project team from the bicycle project PGMT 614, and requests a transition and release of the project team in fulfillment of the buyer’s requirements.