By Ray Myers, Jr., PMP Frequently, project managers must procure products and/or services to fulfill the requirements of their projects.  Project managers usually enter into contracts with sellers to purchase the products and/or services. These purchase contracts are legal relationships that define the terms of the transaction and should always define how payment will...
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By Ray Myers, Jr., PMP Solicitation planning consists of preparation of the documents needed for the procurement and determining the evaluation criteria for the contract award. The primary procurement documents are: Request for Proposal (RFP) is used to solicit full proposals from potential suppliers Request for Quote (RFQ) is used to solicit quotes or...
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By Ray Myers, Jr., PMP  Procurement Management is one of the nine knowledge areas described in PMBOK V4.  Procurement consists of four primary processes that are used to purchase products or services and include the contract management processes.  The four Project Procurement Management processes are Plan Procurements, Conduct Procurements, Administer Procurements, and Close Procurements. ...
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