PMI CAPM (Certified Associate in Project Management) Examination Content OutlinePredictive, Plan-Based MethodologiesMedium
A project manager is developing the project management plan for a new product launch. The project involves multiple external vendors for specialized components and services. To ensure that all necessary external resources are acquired effectively and legally, which subsidiary plan should the project manager develop?
- AStakeholder Engagement Plan
- BCommunications Management Plan
- CProcurement Management Plan
- DResource Management Plan
Show answer & explanationAnswer & explanation
Correct answer: C. Procurement Management Plan
The Procurement Management Plan describes how a project team will acquire goods and services from outside the performing organization. Since the project involves multiple external vendors, developing this plan is crucial for managing these external acquisitions effectively and legally.
Why the other options are wrong
- A. Stakeholder Engagement Plan focuses on managing stakeholder involvement and communication, not the acquisition of external goods/services.
- B. Communications Management Plan details how project information will be communicated, not how external resources are acquired.
- D. Resource Management Plan focuses on internal team resources and physical resources, not external vendors.
Procurement Management Plan
A subsidiary plan of the project management plan that describes how a project team will acquire goods and services from outside the performing organization.
- Defines the procurement process from planning to contract closure.
- Covers types of contracts, metrics, and roles.
- Essential when external vendors or suppliers are involved.
Memory trick: Project Plan's Many Minds: Scope, Schedule, Cost, Quality, Resources, Comms, Risk, Procure, Stakeholders, Baselines.