Create a Procurement Management Plan KA2 90%3
Purpose
This multi-week team assignment challenges you to develop a comprehensive Procurement Management Plan for the same project you addressed in your Risk Management Plan. The document should adhere to PMI standards and industry best practices, resulting in a professional-quality plan that could be implemented in a real project environment without further revision. This assignment builds on your understanding of your selected project and extends your project management planning capabilities to include procurement management.
Learning Alignment
This assignment contributes to the following outcomes:
- Program Goal: Demonstrate the applied knowledge and technical expertise in the management of a single project to meet stakeholder needs within constraints and aligned with traditional project management frameworks with industry-standard artifacts.
- Course Learning Outcome: CLO 3 - Create a Procurement Management Plan
Assignment Overview
This is a team-based assignment that begins in Module 9 and concludes at the end of Module 13. Your team will develop a comprehensive Procurement Management Plan for the same project you addressed in your Risk Management Plan. The plan should be complete, professional, and immediately usable for managing procurement activities on the selected project.
Key Deliverables and Timeline:
- Module 9: Initial outline of Procurement Management Plan with project procurement needs identified
- Module 11: Progress check - Draft of at least 6 core elements of the Procurement Management Plan
- Module 13: Final submission - Complete Procurement Management Plan with all required elements
Project Context: Use the same project you selected for your Risk Management Plan. You should leverage your existing understanding of the project context, objectives, constraints, and stakeholders while expanding your focus to address procurement aspects. Your Procurement Management Plan should cross-reference relevant elements of your Risk Management Plan, particularly regarding procurement-related risks and their management.
Procurement Management Plan Requirements
Your Procurement Management Plan must include all of the following core elements:
- Procurement Authority and Governance
- Procurement decision-making authority
- Procurement approval thresholds and processes
- Relationship between project governance and procurement governance
- Procurement roles and responsibilities matrix
- Procurement Strategy
- Make-or-buy analysis methodology
- Contract types and selection criteria
- Procurement approach for different categories of goods and services
- Procurement packaging strategy (single vendor vs. multiple vendors)
- Strategic considerations for outsourcing vs. insourcing
- Standard Procurement Documents and Templates
- Types of procurement documents to be used (RFIs, RFPs, RFQs, etc.)
- Standard templates and forms
- Document control procedures
- Description of when each document type will be used