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Definition: The procurement management plan should describe how the remaining procurement processes (from solicitation planning through contract closeout) will be managed. For example:
• What types of contracts will be used?
• If independent estimates will be needed as evaluation criteria, who will prepare them and when?
• If the performing organization has a procurement department, what actions can the project management team take on its own?
• If standardized procurement documents are needed, where can they be found?
• How will multiple providers be managed?
• How will procurement be coordinated with other project aspects, such as scheduling and performance reporting?
A procurement management plan may be formal or informal, highly detailed or broadly framed, based on the needs of the project. It is a subsidiary element of the project plan.

Acceptance Level:  Generally accepted

Alternative or Related Terms: None

Application Areas/Intended Uses: The procurement management plan is the principle output from the procurement planning process, and a key component of the overall project plan.

Chief Advantages: The procurement management plan provides a comprehensive view of all aspects of the organization's relationships with outside vendors, including selection, contracts, relationship management, coordination, and closeout.