For this session, assume that management has decided to outsource training on your project. Your group must create the project Procurement Management Plan for your project. Your team must edit this plan to meet your project's needs. See the example of a procurement document at the following link to understand the information that is needed in each section of the document:

http://www.projectmanagementdocs.com/project-planning-templates/procurement-management-plan.html

Introduction

Procurement Management Approach

Procurement Definition

Type of Contracts to be used

Procurement Risks

Procurement Risk Management

See project risk management plan.

Cost Determination

Standardized Procurement Documents

Procurement Contraints

Contract Approval Process

Decision Criteria

Vendor Management

Performance Metrics for Procurement Activities

Sponsor Acceptance

Sponsor Name Date