Purpose of a Procurement Plan

Description

This Skill Bit shows that a procurement plan is a strategic document outlining the approach, methods, and strategies for acquiring necessary goods, services, or works to meet project or organizational needs. It ensures procurement activities are efficient, effective, and align with project goals, budget constraints, and legal requirements. The plan details the procurement approach, methods, and strategies, focusing on efficiency, alignment with objectives, and adherence to regulations.

Duration approx. 3 Min.

Tier: proficiency