Project Procurement and Closure

This chapter reviews the procurement process, from determining the need for the procurement to closing out the procurement contracts.

Introduction

Project Procurement and Closure

To achieve the objectives of the project, the management team will purchase goods and some services. The process of obtaining goods and services from providers who are outside of the organization is procurement. This chapter discusses the process for selecting the work that will be procured and the different methods and processes for procuring the equipment, materials, and services for the project.

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