Procurement Management Plan Assignment

Running head: PROCUREMENT MANAGEMENT PLAN1
Procurement Management Plan- Talent Contest
Name
Institutional Affiliation

PROCUREMENT MANAGEMENT PLAN2
Table of Contents
Introduction......................................................................................................................................2
Procurement Management Approach..............................................................................................3
Procurement Definition...................................................................................................................3
Type of Contract to be Used............................................................................................................4
Procurement Risks...........................................................................................................................4
Procurement Risk Management.......................................................................................................5
Cost Determination..........................................................................................................................5
Standardized Procurement Documentation.....................................................................................5
Procurement Constraints..................................................................................................................6
Contract Approval Process..............................................................................................................6
Decision Criteria..............................................................................................................................7
Vendor Management.......................................................................................................................7
Performance Metrics for Procurement Activities............................................................................7
Sponsor Acceptance.........................................................................................................................8
References........................................................................................................................................9

PROCUREMENT MANAGEMENT PLAN3
Introduction
This procurement management plan outlines the procurement framework for the Talent
Contest. It will help in managing the procurement needs of the project from pre-event activities
on 5th February all the way to the end of the project on 24th July 2018. This plan outlines the
items required for the contest, contracting, procurement risks, risk management, cost
determination, decision making, and performance metrics of the Talent Contest.They include
items such as stage equipment, catering items, marketing equipment, security equipment, and
other resources.
Table 1:
Procurement function roles and responsibilities.
Role Responsibilities
Project Sponsor Approve the initial procurement requirements.
Project Manager Oversee the entire project.
Project Designer Design the project and outline possible
procurement requirements
Project Coordinator Ensure procurement requirements are met
along the project duration of the project.
Contract and Purchasing Team Review procurement items.
Team Leader Receive and request procurement items
suggested by team members in the course of
the project.