Procurement Management Plan

A Procurement Management Plan outlines how an organization will acquire goods and services needed for a project or operation. It details the processes for identifying what to buy, selecting suppliers, negotiating contracts, and managing purchases. The plan ensures that resources are obtained efficiently, within budget, and on time. By clearly defining roles, responsibilities, and timelines, it helps the organization avoid delays, misunderstandings, and unnecessary costs, promoting successful project completion while meeting quality standards. Overall, it serves as a roadmap for managing procurement activities effectively.