bjective: To gain a better understanding of the tools and techniques used in project procurement management and apply them in a practical scenario.

Instructions:

1. Choose a hypothetical project that requires procurement of goods or services.
2. Identify the stakeholders involved in the procurement process, such as project team members, suppliers, and customers.
3. Research and identify the various tools and techniques used in project procurement management, such as:
   • Make-or-buy analysis
   • Contract types
   • Source selection criteria
   • Bidder conferences
   • Negotiations
   • Procurement performance reviews
4. Choose at least three of the tools and techniques listed above and explain how they can be applied in the procurement process for your hypothetical project.
5. Develop a procurement plan for the project, including the tools and techniques you have chosen and how they will be implemented.
6. Present your procurement plan in a report format to the project team and stakeholders, including the rationale for the tools and techniques chosen and how they will benefit the project.

Evaluation Criteria:

Your activity will be evaluated based on the following criteria:

1. Understanding of the tools and techniques of project procurement management
2. Clarity and completeness of the procurement plan
3. Appropriateness and effectiveness of the chosen tools and techniques
4. Ability to communicate the procurement plan effectively to stakeholders.
5. Overall Presentation