Quick answer
A procurement management plan defines what you’ll buy, how, and from whom — make-or-buy decisions, contract types, procurement schedule, vendor criteria; PMBOK’s plan for buying.
The contents
What to procure, contract type per item, procurement schedule, selection criteria, roles — the plan for the buying.
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The decisions
Make-or-buy per component, contract type per purchase (fixed/T&M/cost-reimbursable), timing per lead time.
The schedule
Procurement milestones linked to the project schedule — long-lead items start early.
The metrics
Vendor performance criteria — how vendors get evaluated during and after.
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FAQ
Bottom line
A procurement management plan defines what you’ll buy, how, and from whom — make-or-buy decisions, contract types, procurement schedule, vendor criteria; PMBOK’s plan for buying.
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