Procurement Management Planning

The first step in procurement management planning is to develop a clear understanding of what is required. This includes identifying the specific goods or services needed, as well as any associated quality requirements. Once this information is known, it can be used to develop a procurement plan that outlines how these needs will be met.

This plan should take into account the available budget, as well as any time constraints that may be in place. It should also consider the risks involved in procuring the goods or services, and identify any potential suppliers. The procurement plan should then be reviewed and approved by relevant stakeholders before being implemented.