Procurement Management Knowledge Area Processes Flow

Project Procurement Management Knowledge Area has 4 processes. Find below the Process Flow diagram of all these 4 processes together.
If you require a PDF with all the 10 Knowledge Area process flow diagrams.

Procurement Management knowledge area has four processes. One each in Planning, Executing, Monitoring and Controlling and Closing a Project or
Phase. Procurement Management is a dry subject for most participants since Procurement Management is most likely to be handled by some one
else other than the Project Manager.
The following table shows the purpose and key benefit of each of these processes, provided by the PMBOK(R).
Plan Procurement Management

Conduct Procurements

Control Procurements

Close Procurements

Knowledge Area
Procurement
Process Group
Planning
The process of documenting project procurementdecisions, specifying the approach, and identifying potential
Purpose
sellers.
It determines whether to acquire outside support and if so how to acquire it, how much is needed and when to
Key Benefit
acquire it.
Knowledge Area
Procurement
Process Group
Executing
Purpose The process of obtaining seller responses, selecting a seller, and awarding a contract.
Key Benefit It provides the alignment of internal and externalstakeholder expectations through established agreements.
Knowledge Area
Procurement
Process Group
Monitoring and Controlling
The process of managing procurement relationships, monitoring contract performance and making changesand
Purpose
corrections as appropriate.
It ensures that both the Sellers and Buyers performance meets procurement requirements according to the
Key Benefit
terms of the legal agreement.
Knowledge Area
Procurement
Process Group
Closing
Purpose The process of completing each project procurement.
Key Benefit It documents agreements and related documentation for future reference.

For the PMP Exam preparation, If you can visualize the processes within a knowledge area together, it offers lot of advantages:

You will remember the sequence

You will visualize the inter-dependencies among the processes

You will quickly observe the similarities in Inputs and Outputs and how they are related

Find below the image that has Process Flow diagram for Project Procurement Management Knowledge Area.