Question

In what project procurement management process is an RFP often written?

a) Plan Procurement Management
b) Conduct Procurements
c) Control Procurements
d) Close Procurements

Answer 1

An RFP, or Request for Proposal, is often written during the Plan Procurement Management process, which involves documenting procurement decisions and identifying potential sellers.

Step-by-step explanation:

An RFP, or Request for Proposal, is often written during the Plan Procurement Management process. This initial phase is where the project team, which includes the project manager and procurement professionals, determine what to purchase or acquire and how to do so. In this stage, they document project procurement decisions, procurement approaches, and identify potential sellers.

The RFP contains all the necessary information that potential sellers need to prepare their proposals. It clearly defines the scope of work, deliverables, timelines, and specific requirements or criteria that the sellers must meet.

After the RFP is released, the Conduct Procurements process follows, where the project team receives bids or proposals and selects a vendor. Control Procurements is the process of managing procurement relationships, monitoring contract performance, and making changes as necessary. Finally, Close Procurements is the process of completing each project procurement.