Summary

Establish and maintain an organizational policy for planning and performing the process.

Description

The purpose of this generic practice is to define the organizational expectations for the process and make these expectations visible to those members of the organization who are affected. In general, senior management is responsible for establishing and communicating guiding principles, direction, and expectations for the organization.

Not all direction from senior management will bear the label “policy.” The existence of appropriate organizational direction is the expectation of this generic practice, regardless of what it is called or how it is imparted.

Elaboration for all PAs

This policy establishes organizational expectations for planning and performing the process, including not only the elements of the process addressed directly by the acquirer but also the interactions between the acquirer and suppliers.