Procurement phases
Steps:
- Initiating
- Selecting
- Contract writing
- Control
- Completing
# Initiating
- Define what help you may need
# Selecting
- Select what supply you need
# Contract writing
- Contracts are written, reviewed, and signed
# Control
- Check quality and agreement are met
# Completing
- Measure the success of the procurement
# Agile procurement management
- Collaborating with both the project team and the end supplier
- Emphasis on the relationship between these parties
- The project team plays a larger role in identifying what needs to be procured.
- Living contract
# Traditional procurement management
- Focus on standard contracts with clear terms and deliverables
- Project managers may be responsible for end-to-end procurement.
- Contracts may feature lengthy and extensive documentation