Application of the PMBOK's 3 processes of project procurement

Running head: PROJECT MANAGEMENT
PROJECT MANAGEMENT
Name of the Student
Name of the Organization
Author Note

1PROJECT MANAGEMENT
Application of the PMBOK's 3 processes of project procurement
The project which has been done is basically “Tendering as an effective tool for vendor
selection”. Tendering is considered to be as an effective method which is used for purchasing the
materials which are essential both in the private as well as in the public sectors. These
procedures mainly tends to protect both the bidder’s as well the purchaser’s interest and further
helps in reinforcing the openness concept when the involved parties are satisfied. The project
requires some form of purchasing which is external for meeting the goals. Execution of the
procurements for fulfilling the project needs falls under the area of knowledge of the
procurement management of the project. Contractors are seen to have better experience and
provide a better product quality (Snyder, 2013). Delivery of their part of work on time needs
active involvement of the manager of the project. Sub-contracting which are successful needs the
knowledge of the contract types which are available and how to write them.
The three main processes of the project procurement of PMBOK mainly includes the
management of plan procurement, procurement of conduct and lastly the procurement if control
(Ojeda & Reusch, 2013).
During the planning phase of the project the procurement requirements of the project are
at first identified. For each and every external requirement of vendor, a work statement is
composed which is seen to be known by a number of names but mostly serves as a statement in
written form of what type of work the contractor is going to do. The documents of procurement
mostly comprises of a proposal request, tender invitation and the work statement is involved like
an attachment (Karaman & Kurt, 2015). In this way, it forms the guiding document to the team
of the project. The more specific the guiding document is, better is the definition of the

2PROJECT MANAGEMENT
boundaries of the work of each organization. The processes which are used in soliciting the
proposals and the criteria of decision making are mainly determined at this particular stage. The
most potential sellers are identified and the vendors which are preferred are contacted. All of the
above data and information are included into the plan of procurement which forms the subset of
the entire management plan of project (Nasir et al., 2015).The inputs of management of the
procurement of plan includes the business documents, management planning of the project,
documents of the project, environment factors of the enterprise and all the process assets of the
organization. The tools and the techniques which are utilised are the judgements from the
experts, gathering of data, analysis of data, selection analysis of the source and meetings (Kim,
Jeon & Kim, 2015). On the other hand, the outputs include procurement plan of management,
strategy of the procurement, procurement of the work statement, criteria of source selection,
independent estimates of the cost, changing requests, updates of the project documents and assets
of the organizational procedure.
During the procurement of conduct, the procurement requirements of the project are
properly identified and all the procedures of the procurement are determined and finally the
procurements are executed (Crawford, 2014). Proposal requests or the tender invitations are sent
out and all the responses which are driven are an analysed properly. All the agreements which
are to be made are signed and the plan of project management is updated with a new budget and
information schedule which are got from the vendor. The inputs in this case include management
plan of scope, requirements, communications, risk, procurement, configuration and the baseline
of the cost. Others are the documents like register comprising of the learned lessons, schedule of
the project, documentation of the needs, register of the risk and of the stakeholders. The tools or
the techniques which are used include advertising, judgement from the expert, evaluation of the