Complete a procurement plan for the project provided. ( in detail answer as per the description given in each paragraph) The City of Waterloo wants to build a large natural park. The goal is for the whole community to appreciate its natural environment year - round. The Park must be environmentally friendly and pose minimal impact to the existing ecosystems.

Purpose - Many projects require items or services that cannot be provided from within the organization. In these cases, it is necessary for the project team to procure the necessary items or services required to successfully complete the project. This section should provide a high - level explanation of purpose of the Procurement Management Plan. Generally, the purpose of the Procurement Management Plan is to define what items will be procured for the project and how vendors will be identified, selected, and managed. Additionally, the plan should outline roles and responsibilities relating to procurement as well as any contract requirements which must be met.

Procurement Roles and Responsibilities - This section describes the roles and responsibilities of all key project personnel as they relate to procurement actions. These roles must be clear to prevent any gaps or overlap in project procurement actions. Additionally, roles and responsibilities help establish accountability throughout the project's lifecycle.

Procurement Requirements - This section should list the items that need to be procured for the project to succeed. In addition to describing what the item is, this list should also provide a justification or an explanation of what deliverable the item supports, as well as the date the item is required by to meet the project schedule.

Vendor Identification and Selection - This section should discuss the process by which vendors are identified and selected to fulfil procurement requirements. There may be one or more vendors that an organization prefers to work with based on past experience. There may be new vendors who offer better products more applicable to the project. However, it is necessary to define this identification and selection process to ensure consistency throughout the project lifecycle for all procurement actions.

Vendor Management - Vendor management is a very important, though often overlooked portion of the procurement management process. The ability of a vendor to meet procurement and contract requirements may weigh heavily in the organization's decision to conduct business with them in the future. A vendor which has repeatedly met requirements in a timely manner and with a fair price may retain the business of an organization for many years. Conversely, vendors which miss deadlines and fail to meet requirements may no longer be considered in future procurement activities. It is inherent to the organization to work with the vendor in managing the delivery and fulfilment of their requirements in order to ensure the successful completion of the project.

Contract Requirements - It is important to specify the type (s) of contract (s) to be used for a project's procurement actions. This section describes the contract type to be used and provides any other necessary detail regarding the contract process for the project's procurement requirements.

Approvals - All project and management plans must have the approval of the Project Sponsor and Project Manager. The signatures of these individuals indicate their acknowledgement and understanding of the Procurement Management Plan.