ACC Online Learning
PMBOK® Guide - Sixth Edition: 25 - Planning Procurement for Your Project
As a project manager, your role will be to facilitate- or you might even say orchestrate – all activities that pertain to developing the product of a project. In doing so, you'll be gathering information, communicating with stakeholders and developing plans that the project team will use throughout the project life cycle. Part of those plans and directions pertain to the purchase of goods and services needed within the project. This is the Project Procurement Management knowledge area. Within this course, you will learn the definition of procurement and the value of procurement processes to project activities. You will also cover procurement contracts to understand the different types of contracts that exist; why there are different types of contracts, and who benefits by the stipulations inherent to a specific type of contract. Upon completion of this course, you will be well versed in the definition of procurement as it pertains to project management, along with the plan procurement management processes identified within the Project Procurement Management knowledge area. (Intermediate – 1.5 hours).
Upon completion of this course, you will be able to:
• Describe the Project Procurement Management knowledge area.
• Define procurement as it pertains to project management along with the plan procurement management processes.
• Draw upon experience and study to utilize information from the project management plan, project requirements, the project risk register, and the project schedule.
• Apply market research tools perform make vs. buy analysis to determine how to source materials.
• Communicate with vendors and stakeholders.
• Conduct communications and meetings that will permit the project team and stakeholders to participate at the appropriate levels relative to planning procurement activities.
• Deliver process outputs relevant to procurement planning.