1
Q
Plan Procurements
A
The process of documenting project purchasing (make-or-buy) decisions, specifying the approach, and identifying potential sellers. (How, What, How Much and When).
2
Q
Conduct Procurements
A
The process of distributing procurement docs, obtaining seller responses, evaluating bids & selecting seller/s, and awarding a contract to the selected seller/s.
3
Q
Administer Procurements
A
The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as needed.
4
Q
Close Procurements
A
The process of completing each project procurement
