What is a Procurement Management Plan?
The procurement management plan defines how the project will buy: what gets procured versus made, contract types per package, the bid process and timeline, prequalification rules, who holds procurement authority, how sellers are managed, and how contracts close out. It's written before any RFP leaves the building.
Its value is coherence: without it, each purchase reinvents process, and the project's risk posture varies by whoever wrote that contract.
Worked example
A stadium project's plan: structural steel — fixed price, prequalified bidders only, awarded by month 4; specialist roof cables — single-source with the one qualified vendor, cost-plus-incentive, engineer embedded in their factory; site services — T&M with ceilings, local firms. Three risk profiles, three deliberate strategies, zero improvised contracts — that's the plan doing its job.