| 12. Project Procurement Management What is project procurement management? Why bother with procurement management? How does procurement management fit in the process groups? Critical factors in procurement Steps in project procurement management Contracts Contract statement of work Contract administration Contract change control system The project manager's role The special problems of IT procurement Centralized/decentralized contracting | Aims of this chapter This chapter explains project procurement management, that is, how to purchase or otherwise acquire a product or service from outside the project and the project team. By the end of this chapter, you should: -
know what procurement management is and how it relates to project management as a whole; -
know when and why procurement management is valuable in project management; -
be able to categorize project procurement activities according to each stage project or process management group; -
be able to apply the standards and procedures associated with procurement management, thereby improving the effectiveness of your project management; -
be able to explain the benefit of treating project procurement management as a distinct knowledge area within project management. | 
