Project Procurement Management refers to the internal aspects of Project Management that deals specifically with obtaining goods, services or others from companies. Procurements and Procurement Management are important to Managers. The Project Manager may not own Procurement division, nor will he have the rights to sign a contract for the company. However it is still important for the Manager to know details about procurement as it is closely tied to the performance of the company. This essay will discuss why Procurement is important to Project Managers; it will also discuss how Project Managers can use effective procurement techniques to optimize project performance.