procurementmanagementplantemplate.docVIP

Procurement Management Plan Template This Project Procurement Management Plan Template is free for you to copy and use on your project and within your organization. We hope that you find this template useful and welcome your comments. Public distribution of this document is only permitted from the Project Management Docs official website at: www.ProjectManagementD Procurement Management Plan Project Name Company Name Street Address City, State Zip Code Date  Table of Contents Introduction 3 Procurement Management Approach 3 Procurement Definition 4 Type of Contract to be Used 4 Procurement Risks 5 Procurement Risk Management 5 Cost Determination 6 Standardized Procurement Documentation 6 Procurement Constraints 7 Contract Approval Process 8 Decision Criteria 9 Vendor Management 9 Performance Metrics for Procurement Activities 9 Sponsor Acceptance 11 Introduction The purpose of the Procurement Management Plan is to define the procurement requirements for the project and how it will be managed from developing procurement documentation through contract closure. The Procurement Management Plan defines the following: Items to be procured with justification statements and timelines Type of contract to be used Risks associated with procurement management How procurement risks will be mitigated through contract performance metrics, insurance, or other means Determining costs and if/how they’re used as evaluation criteria Any standardized procurement templates or documents to be used How multiple suppliers will be managed if applicable Contract approval process Decision criteria Establishing contract deliverables and deadlines How procurement and contracts are coordinated with project scope, budget, and schedule Any constraints pertaining to procurement Direction to sellers on baseline requirements such as contract schedules and work breakdown structures (WBSs) Vendor Management Identification of any prequalified sellers if applicable Performance metri