________ planning involves planning for those elements of the project that will be bought or created from someone outside the project team or organization.
A) Procurement
B) Project
C) Resource
D) Investment

Question

Quizplus · Accepted Answer

Procurement planning refers to the process of identifying the goods or services that need to be acquired from external sources and developing strategies for managing those acquisitions. This includes determining the type, quantity, and quality of resources required, identifying potential suppliers, establishing procurement contracts, and developing procedures for managing procurement activities. Procurement planning is an essential component of project management, as it ensures that the necessary resources are available when and where they are needed to complete the project successfully.

________ Planning Involves Planning for Those Elements of the Project