This unit identifies the optimal procurement strategy for a project from a client’s perspective – taking a strategic approach and positions procurement in the project lifecycle and provides the detail required to be an effective client or tenderer for projects. Further, this unit considers project procurement from a contractor and contract management perspective recognising that procurement is a strategic and systematic process of acquiring the necessary goods, services, and resources required to successfully initiate, execute, and complete a project. This vital aspect of project management involves planning, sourcing, negotiating, and managing relationships with suppliers and vendors to ensure that the project’s objectives are met within specified timelines, budget constraints, and quality standards. Effective project management procurement involves a comprehensive understanding of market dynamics, risk assessment, contract management, and stakeholder collaboration.