Procurement and purchasing activities refer to the aspects of project management regarding acquiring goods and services from outside companies to provide a project team with all necessary inventories to produce the product of a project. Procurement process management refers not only to internal units of an organization involved in project management activities but also to external suppliers and vendors.
The project initiation is the first project stage which usually entails generation of concept behind a new project (project conceptualization). The primary purpose of the project initiation stage is to establish the scope of project, discover its boundaries and specify what the project should accomplish.
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