Procurement Processes Changes in the PMBOK Guide 4th Edition

In this podcast Ricardo talks about the changes related to the Procurement processes, where some of the 6 processes described in the third edition of the PMBOK Guide were melted, resulting in 4 process at the PMBOK 4th Edition. This new structure gave more clarity and fluidity for the readers, summing up all the procurement process with the verbs "Plan", "Conduct", "Administer" and "Close". Other important aspect is the replacement of the term "contract" by the term "procurement", giving more extend to the concepts, allowing that the processes cover the administration and closure of the the acquisitions without a "required" contract.