The process of documenting project procurement decisions, defining the approach, and identifying potential vendors is known as:
Understand the Problem
The question is asking for the term that describes the process associated with documenting procurement decisions, defining approaches, and identifying vendors. This is a question related to project management.
Answer
Plan Procurement Management.
The process of documenting project procurement decisions, defining the approach, and identifying potential vendors is known as Plan Procurement Management.
Answer for screen readers
The process of documenting project procurement decisions, defining the approach, and identifying potential vendors is known as Plan Procurement Management.
More Information
Plan Procurement Management is a key aspect of project management that helps in determining the procurement needs and strategies of a project. It involves the processes and activities necessary to acquire products or services from outside the project team.
Tips
A common mistake is confusing this process with general procurement activities or decision-making processes involving vendor selection without official documentation.
Sources
- Plan Procurement Management - Whizlabs - whizlabs.com
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