ABSTRACT

Individuals, community groups, professional associations and organisations, from small businesses through to major corporations, all face the same crucial decision at one time or another: to either complete an activity themselves or to outsource it to another party. Many projects will be self-resourced using internal subject matter experts, team members and other employees as required. Historically, project procurement has performed a process-based function, driven by a particular department or local division seeking to gain possession of something that solves an operational issue-a mechanical part, stationery, a training provider, waste disposal and so on. In acknowledging that the project needs could be met by either outside or internal support, Project Management Body of Knowledge adds that planning for procurement management is the process of 'documenting project procurement decisions, specifying the approach and identifying potential sellers'.