Procurement Management
Procurement Management is the strategic process within project management that involves planning, executing, and controlling the sourcing, acquisition, and procurement of resources required to ensure project success. It encompasses vendor selection, contract negotiation, risk mitigation, and supply chain coordination.
Level 1: Emerging
At an emerging level, you are beginning to understand the basics of procurement management, able to assist in managing vendor relationships and perform simple contract negotiations within a project context.
Level 2: Proficient
At a proficient level you are able to effectively plan, execute, and oversee procurement processes within a project, ensuring timely and cost-effective acquisition of necessary resources while adhering to organizational policies.
Level 3: Advanced
At an advanced level, you are able to develop and execute complex procurement strategies, negotiate contracts with suppliers, and mitigate risks effectively within the project management context.
