Procurement Management Flashcards

1
Q

Procurement Management

12.1 Plan Procurement Management

A

Planning

Determine plan for procuring resources (make vs buy decisions) and identifying potential sellers

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2
Q

Procurement Management

12.2 Conduct Procurements

A

Executing

Obtain responses from sellers, and select & sign a contract

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3
Q

Procurement Management

12.3 Control Procurements

A

M&C

Manage and monitor the signed procurement’s

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