In business, no two projects are ever the same.

It would be nice if every task required the same resources but that’s not going to happen. Sometimes additional manpower is needed; other projects require additional goods and services from outside vendors to get the job done.

As a result, it’s necessary to have an understanding of procurement process – or the business of going beyond the confines of your company’s everyday capabilities.

For the project managers, this is a big responsibility, as well as a huge opportunity to showcase their skills and prove that they can accomplish tasks requiring outside resources.

Although, there are numerous variables in the project procurement management, there are four specific phases that can help ensure the job is accomplished on time and on budget.