2.5. Plan and manage procurement

PMP Certification Plan and Manage Procurement task includes the following enablers:

• Plan procurement.
• Execute a procurement management plan.
• Select preferred contract types.
• Evaluate vendor performance.
• Verify objectives of the procurement agreement are met.
• Participate in agreement negotiations.
• Determine a negotiation strategy.
• Manage suppliers and contracts.
• Plan and manage the procurement strategy.
• Develop a delivery solution.

To learn the Plan and Manage Procurement task, you need:

1. In the PMBOK Guide 8^th Edition, read Appendix X4, and chapters 2.1.5.4, 2.1.6.3, 2.4.3, 2.5.1, 2.6.1 (part ‘PMBOK’),  Section 4 (Procurement documentation, Procurement management plan, Sourcing strategy plan), Section 5 (Audits, Make-or-buy analysis and decisions, Market research, Negotiation).
2. Read chapter 6.3 in the Agile Practice Guide.
3. Watch the videos:

5. Test your knowledge to complete the study of the task.