Project Procurement Management

Project Procurement Management

The acquisition of goods and services is a vital process to facilitate the project’s scope of work. In this course you will be given an insight into Project Procurement Management, which includes the processes required to acquire goods and services from outside the performing organisation. This course discusses procurement management from the perspective of the buyer in the buyer-seller relationship. This Project Procurement Management course is aligned with the nine Knowledge Areas of the Project Management Body of Knowledge (PMBOK) and forms part of the accredited Level IV program.

At the completion of this section, you should be able to:

Understand and explain the relationship of Project Procurement Management to the Project Life Cycle
Determine what to procure and when
Document product requirements and identify potential sources
Obtain quotations, bids, offers, or proposals as appropriate
Choose from among potential sellers
Manage the relationship with the seller
Complete and settle the contract.
There are no set time expectations for completion of this course. The course is designed to be self-paced and you should navigate through at your own rate. If you work through the course without a break, you should be able to complete it within two to four hours. The course comprises of two sections (excluding overview), which may be completed separately. These sections typically require around one to two hours to complete.

Procurement of products and services is an essential part of a project manager’s responsibilities. Learn the fundamentals of the procurement process, from developing procurement documents and specifications to evaluating vendor proposals, crafting appropriate contracts, and overseeing successful execution of contracts. You’ll also examine a variety of contractual arrangements and fee options.

In many projects, procurement activities are critical to success. Imagine working in contractual relationships between buyers and suppliers so that there is mutual trust and a common focus on well defined, mutually agreed upon objectives. This course is designed to equip participants with the necessary knowledge and skills to manage procurement activities to maximize effectiveness.

The goal of this course is to improve your capacity to apply the elements of procurement management by properly planning for procurement, documenting the need, evaluating proposals, creating contracts and effectively managing the contracts to closeout for increased project success.

Procurement and contract management address the needs of various types of procurement activities, including service acquisition, intellectual property considerations, government requirements and more. This is an exercise centered course that uses real world case situations.

Who Should Attend
This course is designed for project managers, procurement managers, contract administrators, and project team members. Both buyers and sellers will find this course valuable.

What You Will Learn
You’ll learn how to:
�Apply procurement and contract management techniques to the PM process
�Select the right sellers based upon a concise RFP with clear selection criteria that leads to easy evaluation of proposals
�Develop and apply a procurement plan by choosing the right procurement strategy for the project situation and assigning the right responsibilities to the right people
�Describe the elements of a proposal and how they assist in determining the most qualified seller
�Evaluate contracts to ensure that they contain sufficient information to accurately describe the agreement and enable effective control
�Close contracts effectively to address the relationship between client and supplier, termination, retention of information and lessons learned

Course Overview
The Procurement Process
�Critical procurement issues and the role of project management
�Procurement steps and models
�Buyer/seller relationships
�Common procurement terms
�Types of procurement and acquisition

Planning Purchases and Acquisitions
�Procurement planning checklist
�Establishing the procurement team
�Organizational procedures and procurement
�Selection of contract type
�Procurement management plan

Defining Procurement Requirements
�Scope management and the procurement requirements link
�Types of procurement requirements and attributes
�How requirements interrelate
�Procurement SOW
�The impact of improperly defining requirements

Plan Contracting
�Identifying potential bidders
�Contracting document options
�Standard forms and conditions
�Evaluation criteria
�Special and general conditions

Requesting Seller Responses
�Key pre-bid activities
�Methods to request seller responses
�Proper form and format of proposals
�Elements of a proposal
�Joint venture procurements

Selecting Sellers
�Organize for review of bid proposals
�Techniques for contract evaluation
�Contract negotiation strategies
�Contract award and contract creation methods

Contract Administration
�Contract administration responsibilities
�Principles of contract interpretation
�Primary contract components
�Project management processes applied to contract administration

Contract Closure
�Formal acceptance and closure
�Contract termination
�Resolution of contract claims
�Contract audits and lessons learned
�Contract litigation

Recap & Closing

In many projects, procurement activities are critical to success. Imagine working in contractual relationships between buyers and suppliers so that there is mutual trust and a common focus on well defined, mutually agreed upon objectives. This course is designed to equip participants with the necessary knowledge and skills to manage procurement activities to maximize effectiveness.

The goal of this course is to improve your capacity to apply the elements of procurement management by properly planning for procurement, documenting the need, evaluating proposals, creating contracts and effectively managing the contracts to closeout for increased project success.

Procurement and contract management address the needs of various types of procurement activities, including service acquisition, intellectual property considerations, government requirements and more. This is an exercise centered course that uses real world case situations.

Who Should Attend
This course is designed for project managers, procurement managers, contract administrators, and project team members. Both buyers and sellers will find this course valuable.

What You Will Learn
You’ll learn how to:
�Apply procurement and contract management techniques to the PM process
�Select the right sellers based upon a concise RFP with clear selection criteria that leads to easy evaluation of proposals
�Develop and apply a procurement plan by choosing the right procurement strategy for the project situation and assigning the right responsibilities to the right people
�Describe the elements of a proposal and how they assist in determining the most qualified seller
�Evaluate contracts to ensure that they contain sufficient information to accurately describe the agreement and enable effective control
�Close contracts effectively to address the relationship between client and supplier, termination, retention of information and lessons learned

Course Overview
The Procurement Process
�Critical procurement issues and the role of project management
�Procurement steps and models
�Buyer/seller relationships
�Common procurement terms
�Types of procurement and acquisition

Planning Purchases and Acquisitions
�Procurement planning checklist
�Establishing the procurement team
�Organizational procedures and procurement
�Selection of contract type
�Procurement management plan

Defining Procurement Requirements
�Scope management and the procurement requirements link
�Types of procurement requirements and attributes
�How requirements interrelate
�Procurement SOW
�The impact of improperly defining requirements

Plan Contracting
�Identifying potential bidders
�Contracting document options
�Standard forms and conditions
�Evaluation criteria
�Special and general conditions

Requesting Seller Responses
�Key pre-bid activities
�Methods to request seller responses
�Proper form and format of proposals
�Elements of a proposal
�Joint venture procurements

Selecting Sellers
�Organize for review of bid proposals
�Techniques for contract evaluation
�Contract negotiation strategies
�Contract award and contract creation methods

Contract Administration
�Contract administration responsibilities
�Principles of contract interpretation
�Primary contract components
�Project management processes applied to contract administration

Contract Closure
�Formal acceptance and closure
�Contract termination
�Resolution of contract claims
�Contract audits and lessons learned
�Contract litigation

Recap & Closing

Pages:- 1
[ Online / Live ] [ Corporate Training ] [ Locations ] [ Schools ] [ Job Seekers ]

Dear Visitor: You are strongly recommended to bookmark this page and come back later, since new course may be available anytime. Click to Proceed>>