PMP Exam Cram™ 2

Procurement Management Principles and the PMI Philosophy

The last two remaining facilitating planning processes to review come from project procurement management. Those processes are procurement planning and solicitation planning. In order for you to best understand these processes, we need to review how they fit into the overall procurement management structure. In addition, to best prepare for exam questions on these steps, you need to understand some key procurement management principles and the PMI procurement management philosophy. Specifically, you should know the following:

• The overall procurement management process

• The key PMI procurement management principles

• The project management skills used in procurement management

• The key elements ...