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Week 1: Roles and Responsibilities in the Procurement Cycle
According to the PMBOK® Guide, the project procurement cycle consists of processes: Plan Procurement Management, Conduct Procurements, and Control Procurements.

Explain the project procurement cycle (Plan, Conduct, and Control).
Explain the roles and responsibilities of individuals in each part of the project procurement cycle.

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The project's procurement cycle (plan, conduct and control) according to the PMBOK Guide has as its central objective that external procurement for the execution of the project effectively meets your needs.

Planning

Planning corresponds to the stage where the purchasing requirements for the project are identified. A working document is developed with a detailed and specific request for proposal and invitation to bid.

It is in the planning phase where potential suppliers and vendors for hiring are identified.

Conduction

During the conduction phase, the acquisition agreements are signed and a plan for project management is carried out, with information regarding the cost, budget and schedule of the chosen supplier.

Control

In the control phase, it is up to the project manager to review the agreements, monitor the flow of work, progress and team performance to meet the budget and schedule.

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