What is defined as a procurement plan in project procurement management?

A procurement plan is specifically focused on how goods and services will be acquired for a project. This document outlines the procurement processes and procedures that will be followed, the types of items needed, the timelines for acquiring them, and the methods for soliciting quotations or proposals from potential suppliers. It serves as a strategic guide for project managers to ensure that the necessary resources are obtained in a timely manner and that the procurement aligns with project goals.

In the context of project management, having a well-defined procurement plan is critical because it helps in managing costs, ensuring quality, and adhering to the project schedule. It implies careful planning and consideration of factors such as sourcing strategy, vendor selection criteria, and budget constraints.

The other options do not pertain to procurement management specifically; one relates to team roles, another to staff hiring, and the last to project milestones, all of which are important but do not describe the purpose of a procurement plan.