Information Pm Project Team Need Areas Project Plan Schedule Resource Plan Budget Etc Deve Q34302651

What information does the PM and project team need from theother areas of the project plan (schedule, resource plan, budget,etc.) to develop a workable procurement plan? For example – Whatinformation from the schedule is needed to build a procurementplan?

Expert Answer

Procurement planning is the process of identifying andconsolidating requirements and determining the timeframes for theirprocurement with the aim of having them as and when they arerequired. The first step in the process is to identify therequirements. This information can be processed from the productionschedule. It includes details about each item: size, quantity,technical requirements and specifications. From the Resource Plan,you will