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This Concept Map, created with IHMC CmapTools, has information related to: Project Procurement Management, Conduct procurements includes Obtain seller responses, Cost-reimbursable sub-types Cost plus fee (CPF) or Cost plus percentage of Cost, Project Procurement Management processes Administer procurements, Administer procurements includes Managing scope, risks, changes, Identifying and documenting project needs e.g. Invitation for bid, Identifying and documenting project needs e.g. Request for Proposal (RFP), Project Procurement Management processes Close procurements, Close procurements is about settling each contract or project procurements, Managing contract involves Payments, Plan procurements includes Identifying and documenting project needs, Managing contract involves Monitor contract performance, Administer procurements includes Authorizing contracted work, Cost-reimbursable sub-types Cost plus fixed fee (CPFF), Project Procurement Management is about "Processes necessary to purchase or acquire products, services, or results needed from outside the project team.", Plan procurements includes Identifying potential sellers, vendors, suppliers, contractors etc., negotiating and awarding a contract creates mutually binding agreement, negotiating and awarding a contract types Fixed Price, Project Procurement Management processes Conduct procurements, Managing contract involves Taking corrective actions, Administer procurements includes Managing contract