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Procurement management is an important knowledge area in project management and it is a formal process by which many organizations acquire their goods and services from outside body. Hence, project procurement management involves getting work done by people outside the project organization. It includes the management of purchasing or acquiring of product, services, or projects. According to PMBoK “project procurement management includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team”. The organization can be either buyer or seller of the products, services, or results of a project”. Basic Steps in Procurement Process: Project procurement management includes the processes necessary to acquire goods and services from external organization. This involves documenting the procurement plan, planning and solicitation