Project procurement management is one of the ten PMI knowledge areas. The processes in this knowledge area are necessary when products, services, or results will be acquired from outside of the project team. It covers contracts, purchase orders, and other agreements.

The processes in the procurement management knowledge area are

PMI's ten knowledge areas: Integration management, Scope management, Schedule management, Cost management, Quality management, Resource management, Communications management, Risk management, Procurement management, Stakeholder management

Procurement management is described in chapter 12 of the PMBOK, 5th edition.

Related: procurement, procurement management plan, procurement documents, make-or-buy decisions

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