Apply project management knowledge, skills, tools, and techniques to initiate, plan, execute, control, monitor, and close out your sourcing strategy development project.
- All stakeholders must understand and agree on the objectives and important characteristics of a sourcing strategy development project, such as high-level estimates for scope, staffing, budget, and schedule.
- Stakeholders must also have the opportunity to adjust the sourcing strategy development project to better address their needs and concerns.
Develop a charter for the sourcing strategy development project to communicate an overview of the project to its stakeholders, facilitate decision making, reach agreement, secure buy-in, and obtain official approval.