Difficulty: Easy
Correct Answer: The procurement management plan that specifies procurement documents, supplier management processes, and contract types
Explanation:
Introduction / Context:
Procurement management involves planning, conducting, administering, and closing procurements. The planning step produces a procurement management plan that guides how external resources will be acquired and managed. This plan typically documents which standard procurement documents will be used, how suppliers will be managed, and which types of contracts are appropriate for the work. Recognizing where this information is stored is important for both exam questions and real project practice.
Given Data / Assumptions:
- The project manager needs to know which procurement documents will be used.
- The project manager also needs supplier management processes and contract type guidance.
- The question asks which document contains this combined information.
- Standard PMI procurement planning practices apply.
Concept / Approach:
The procurement management plan is a component of the project management plan. It describes how the procurement processes will be managed from developing procurement documents through contract closure. It often includes standard forms to be used, roles and responsibilities, prequalified sellers, contract types, performance metrics, and coordination with other project processes. While other documents such as organizational policies and risk management plans may influence procurement, they do not typically gather all of this detailed procurement specific guidance.
Step-by-Step Solution:
Step 1: Identify that the needed information is specific to procurement, suppliers, and contracts.
Step 2: Recall that the procurement management plan is created during Plan Procurements or equivalent planning processes.
Step 3: Compare each option and eliminate those that do not explicitly focus on comprehensive procurement planning.
Step 4: Select the procurement management plan as the document that logically contains these details.
Verification / Alternative check:
To verify, remember that solicitation details, contract administration procedures, and contract types must be coordinated and aligned with organizational policies. The procurement management plan ties these elements together, while other documents either cover only a subset or address broader organizational guidance without project specific detail. This confirms that the procurement management plan is the correct choice.
Why Other Options Are Wrong:
Option A is wrong because a solicitation management plan, where used, focuses on obtaining and evaluating proposals rather than defining all procurement documents, supplier processes, and contract types.
Option B is wrong because a contracting management plan would only cover contract administration procedures, not the full procurement planning scope.
Option C is wrong because organizational policies provide overarching rules but do not normally specify the detailed procurement approach for a specific project.
Option E is wrong because the risk management plan concentrates on risks and responses; it may reference procurement risks but does not define procurement documents and processes.
Common Pitfalls:
Students sometimes confuse broad organizational policies with project specific management plans, assuming that general policies contain all necessary details. Another pitfall is treating solicitation activities as the only important aspect of procurement and overlooking the need for a comprehensive plan. Project managers should remember that procurement management must integrate with scope, schedule, cost, and risk plans, and the procurement management plan is the document that coordinates these aspects for external work.
Final Answer:
These details are normally defined in the procurement management plan that specifies procurement documents, supplier management processes, and contract types.
Discussion & Comments