PMBOK® Guide - Sixth Edition: 24 - Managing Procurement During Your Project

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This Managing Procurement During Your Project course serves as a fundamental introduction to project procurement processing. It covers the process inputs relevant to managing and conducting procurements, controlling procurement activities, and closing procurement work within a project. It also covers techniques for selecting sellers that will participate in project activities. It shows how a project manager can develop a pool of prospective sellers and illustrate activities based on procurement scenarios. The course covers such procurement tools and techniques as bitter conferences, proposal evaluations, independent estimates, advertising and negotiation. The course also covers details pertaining to procurement documentation and artifacts such as contracts between buyers and sellers that will be used to acquire both resources and raw materials to develop components of a project. Equally important to the contractual agreement and type of agreement that a project team would enter into, is the administration of the contract once the agreement has been reviewed, finalized and approved. At the end of this course, the student will have a comprehensive foundation in managing procurement activities that pertain to project management – the process inputs, tools and techniques and process outputs that comprise the conduct procurements process. (Intermediate – 1.5 hours).

LEARNING OBJECTIVES

Upon completion of this course, you will be able to:
• Detail the process inputs relevant to managing procurements, conducting procurements, and controlling procurement activities within a project. 
• Discuss techniques for selecting sellers that will participate in project activities. 
• Describe the use of procurement documentation and artifacts such as contracts between buyers and sellers that will be used to acquire both resources and raw materials to develop components of a project. 
• Describe procurement activities that pertain to project management. 
• Detail the process inputs, tools and techniques and process outputs that comprise the conduct procurements process. 
• Utilize and implement procurement documents. 
• List and expound on the steps to formally close project activities.

Key:

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Course
Begin self-paced component package.
Begin self-paced component package.
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