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Let's learn about Conduct Procurements process in this PMI PMP PMBOK based project management tutorial video. Conduct Procurements is the process of obtaining seller responses, selecting a seller, and awarding a contract. The key benefit of this PMP project Conduct Procurements process is that it provides alignment of internal and external stakeholder expectations through established agreements. This process of conduct procurement belongs to planning to process group. During the Conduct Procurements process, the team will receive bids or proposals and will apply previously defined selection criteria to select one or more sellers who are qualified to perform the work and acceptable as a seller. Here the ITTO,input,tools,techniques,output of PMP conduct Procurement process Per PMP PMBOK-5, Input of project Plan conduct Procurement process is, .1 Procurement management plan .2 Procurement documents .3 Source selection criteria .4 Seller proposals .5 Project documents .6 Make-or-buy decisions .7 Procurement statement of work .8 Organizational process assets PMP PMBOK-5 says following tools and techniques are used in project Plan conduct Procurement process .1 Bidder conference .2 Proposal evaluation techniques .3 Independent estimates .4 Expert judgment .5 Advertising .6 Analytical techniques .7 Procurement negotiations Following are the output of project Plan conduct Procurement process as per PMP pmbok-5 .1 Selected sellers .2 Agreements .3 Resource calendars .4 Change requests .5 Project management plan updates .6 Project documents updates