Explanation: In this section, describe what will be discussed in this plan. Briefly describe all main components. Main requirements can be found in the assignment description or in this template as separate sections under specific titles. Please DELETE explanations and replace with project-specific text.

Roles and Responsibilities

Explanation: Discuss key roles (e.g., project manager, project sponsor, procurement manager, negotiator, and so on), and describe their roles in the procurement management process. Replace the word role with actual functional titles (e.g., project manager) for all roles.

Role 1: Text, text

Role 2: Text, text

Role 3: Text, text

Procurement Definition

Explanation: Discuss what products and services will be purchased. Explain the conditions under which products and services will be purchased. Provide justifications for your recommendations.

Procurement Process

Explanation: Discuss key processes and subprocesses. Three key processes are listed below. Provide substantive descriptions of activities performed in each process.

Plan procurements: Text, text

Conduct procurements: Text, text

Control procurements: Text, text

Procurement Documents

Explanation: Describe the purpose of key procurement documents, and explain the content of each document.

Request for information (RFI): Text, text

Request for quote (RFQ): Text, text

Request for proposal (RFP): Text, text

Invitation for bid (IFB): Text, text

Preferred Contract Types

Explanation: Describe what type of contract should be used based on the product or service category or risk exposure.

Fixed price: Text, text

Cost reimbursable: Text, text

Time and materials: Text, text

Purchase order: Text, text

Contract Approval and Signing Authority

Explanation: Describe who can approve contracts. Create a signing authority matrix (higher level management should sign contracts for more expensive products and services).

Management Level Dollar Amount

Supervisor

Manager

Senior manager

Executive manager

Vendor Relationship Management Approach

Explanation: Describe who is responsible for managing vendors. Explain how vendor performances will be assessed. Describe tools used to track vendor performances. Identify performance standards. Identify frequency and recipients of performance reports.

Vendor Risk Management Approach

Explanation: Describe the vendor risk management process.

Risk considerations (e.g., reputation, financial health, information security, and so on): Text, text

Risk assessment (e.g., tools and techniques used to assess vendor risk, such as impact and probability matrix): Text, text

Risk response strategies (to reduce or eliminate the impact or probability of a risk occurring): Text, text

Conclusion

Explanation: In this section, describe what has been discussed in this plan.

References

Explanation: In this section, you should list all resources used to complete the procurement plan. For example, you can list videos that were suggested for each unit or reading materials that you found online or in the AIU Library. References should be presented in accordance with APA style.