Provides procedures and information to acquire hardware, software, vendors or other needed items. It assists in determining what to acquire, when and how.

The Procurement Plan is used to provide information about the purchase of goods and services. It will help to decide how vendors will be selected, how vendors will be managed, costs, strategy, and who will be involved at each stage of the process.

The Procurement Plan contains the following topics:

  Introduction
        Purpose, Scope and Objectives
        Project Background
        Referenced Documentation

  Procurement Information
        Customer / Contract Manager
        Item(s) to be acquired and estimated value
        Duration of contract or service
        Market capability
        Risks
        Procurement timeline
        Roles and responsibilities

  Procurement Strategy
        Pricing strategy
        Dollar limits
        Purchase Order requisition thresholds
        Procurement method
        Competitive solicitation

Scroll down to the IT Procurement Plan example below.