Conduct Procurements
Updated on 21.10.2026
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Table of Contents
- +Introduction to project management
- Definition of key terms
- What the step receives as input: the procurement plan, documents, and budget
- Conduct Procurements: from the request to the signed contract
- Is there anything to buy: the Procurement Present flag
- Procurement Statement of Work: what exactly is being bought
- Three kinds of procurement document and the participants’ conference
- Source selection criteria: weights before proposals are opened
- Seller proposals and weighted evaluation
- Negotiation and the selected seller
- Five contract types: who bears the risk
- Procurement agreement: what is signed
- One input, a return to execution, and an exit to the gate
- Conclusion
- How to do it
- Tailoring
- Practice
