One of the major challenges that I came across while preparing for the PMP v5 was Procurement Management. To understand the different contracts and to determine when a particular contract is selected – I translated it into a flow diagram. Through the flow diagram it became easy to determine that by selecting which option would eventually lead to which contract. This flow diagram is shared here Visio-Procurement Management_v02. If you find any errors in the flow diagram or have any comments regarding the diagram then please let me know or leave a comment below.