Course

Competency Module: Cost, Price, and Value Analysis

  • Date: 10/12/2021
  • Start Time: 8:00 AM Mountain Time
  • End Time: 5:00 PM Mountain Time
  • Hosted By: Utah Chapter of NIGP
  • Instructor: Mrs. Marcheta E. Gillespie, NIGP-CPP, CPPO, CPM, CPPB, FNIGP, C.P.M.
    President of NIGP Code and Consulting Services
    Mrs. Marcheta E. Gillespie, NIGP-CPP, CPPO, CPM, CPPB, FNIGP, C.P.M.
    Phone: 520-940-7194Fax: 520-791-4735
    Marcheta E. Gillespie, CPPO, CPPB, C.P.M., CPM, is currently the NIGP Consulting Program Manager. She is retired from public sector, having served as the Chief Procurement Officer for the City of Tucson. With over 28 years of experience in public procurement, Marcheta is a passionate advocate for her profession. Marcheta was inducted as a Fellow of the Institute in 2019. She was the 2017 Distinguished Service Award winner. She is a past NIGP President (2013-14) and served on the Board of Directors for 10 years. She is a past Chair of the UPPCC and a Council Member for 3 years. She was the first Chair of the NIGP Talent Council and Chair of the NIGP 2.0 Task Force, the historic project of governance model transformation. She has also chaired the NIGP Task Force for the Values & Guiding Principles Initiative, the NIGP Forum Committee and the NIGP Governance Committee. She has been an active leader and member of the NIGP Southern Arizona Copper Chapter since 1991. Marcheta has spoken and trained at hundreds of international, national, regional and local conferences and events. She is an NIGP Master Certified Instructor and has developed numerous training programs as well as written for national procurement publications. Marcheta owns MG Procurement Consulting, LLC, serving as a professional consultant on numerous agency projects. In 2009, Marcheta was selected as the NIGP Copper Chapter Manager of the Year.
  • Level: Foundation
  • Format: Virtual Instructor-Led
  • Contact Hours: 7.5
  • CEUs: 0.8

This course has been converted to Virtual delivery

When working with end users and stakeholders, the ability to synthesize and incorporate various financial data in support of the most competent decisions is a powerful tool for the public procurement professional. By evaluating cost and price data, procurement professionals can better justify expenditures based on the public need.

Pricing:
PriceCostBeginsEnds
Competency Module: Cost, Price, and Value Analysis (Member: Early)$285.00 08/13/2021
Competency Module: Cost, Price, and Value Analysis (Member: Standard)$310.0008/14/202110/06/2021
Competency Module: Cost, Price, and Value Analysis (Non-Member: Early)$385.00 08/13/2021
Competency Module: Cost, Price, and Value Analysis (Non-Member: Standard)$410.0008/14/202110/06/2021
Competency Module: Cost, Price, and Value Analysis (Member: Early) $285.00
Competency Module: Cost, Price, and Value Analysis (Non-Member: Early) $385.00
(prices valid until Aug 13, 2021)
Spots available: 21

Objectives

By the end of this course, students will be able to:

  • Evaluate cost and price data to determine total cost of ownership to an entity.
  • Compare the price of a commodity against the benefit to be derived by the entity to determine whether the expenditure is justifiable.

Intended Audience

This offering is targeted to individuals who meet or exceed the following professional demographics:  

  • Entry-level public procurement and central warehouse professionals who serve as assistants, coordinators, buyers, or equivalent functions within their respective entities.   

  • Non-procurement managers and supervisors who are responsible for either the procurement function or staff who provide procurement functions under delegated authority.   

  • Professionals who are employed by governing entities and special authorities (such as K-12 and higher education, publicly-owned utilities, transportation providers, and other publicly-funded or created organizations) that either serve within or manage the procurement function.  

  • Suppliers or representatives of suppliers seeking to understand the public procurement function from a holistic level, including the policies, standards, and procedures by which public entities must function.  


Completion Requirements

In order to successfully earn a digital badge in the Cost, Price & Value Analysis competency, learners must:

  • Complete any pre-work materials provided prior to the course start date.
  • Attend and participate in the entirety of the instructional event.
  • Complete the post-course evaluation survey available in Aspire.
  • Complete the final assessment examination with a score of 82% or higher.

Please Note: The final assessment passing score may change prior to the date of the course based on an assessment audit. The necessary score will be communicated to students during the course proper.

Competency Alignment

Get a Core Certificate: Foundations of Planning & Analysis by adding these competency modules:

  • Standardization
  • Requirements Planning and Understanding
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Miscellaneous

Post-Course Assessment

As outlined above, all students must successfully complete a timed post-course assessment upon completion of the learning experience. Assessments can be taken up to three (3) times to achieve a passing score. If a learner is unsuccessful in achieving a passing score within these attempts, they will be required to take the course again. For the NIGP Cost, Price & Value Analysis competency, students will have 60 minutes to complete all questions in the assessment, with any questions not answered being marked “Incorrect” within Aspire. Once learners receive access, they will have ten (10) calendar days to complete the assessment. Students who do not complete the assessment within this time frame will be required to retake the course.


Pre-Work Requirements

Prior to entering the classroom environment, students will be enrolled in the following self-paced courses to learn and practice necessary concepts.

  • NIGP has not currently identified if pre-work is necessary for this core certificate. Should pre-work be identified, learners will receive the materials two weeks prior to the physical start date. Contact hours will be adjusted to include pre-work.

Length

  • Eight-hour, face-to-face classroom experience potentially including pre-class assignments at least two weeks in advance of the course and post-class follow up within one week.
  • In this instructor-led environment, learners interact with a cohort of their peers over a set period. The course experience is built around experiential learning, or “learning by doing,” empowering learners through practical application of real-life tasks while tapping into the experience of both peers and an NIGP-certified facilitator. As part of course registration, students receive a workbook including job aids, practical application exercises, and case studies designed to promote critical thinking and immediate, post-course application of lessons.

Registration Information

** Receive a $25 early registration discount by registering 60 or more days in advance of the course. A late fee of $50 will be assessed for those registrations received within 30 days of the course.


Payment Information

  • Register online with credit card
  • Register online and upload a Purchase Order
  • Register by fax and download the print & fax form

*FORM OF PAYMENT MUST ACCOMPANY REGISTRATION FORM FOR ORDER TO BE PROCESSED

Methods of Payment Accepted: Check (make checks payable to NIGP), Purchase Orders (via print and fax form or online), and Credit Cards (Master Card, Visa, and American Express).

If paying by check, please make check payable to NIGP and send payment to:
NIGP, Attn: Seminar Registration
2411 Dulles Corner Park, Suite 350
Herndon, VA 20171

Local Contact

Name:Tonya Hodges
Fax:801-567-8700
Email:tonya.hodges@jordandistrict.org

Sessions

Cancellation Policy

Registration and payment must be received 30 days prior to the seminar start date. After this time, registrations will be based on space availability.  A full refund, less a $75 administrative fee will be given for cancellations made in writing 31+ days prior to the seminar date by emailing RegistrationInfo@nigp.org. No refunds are given for cancellations received within 30 days of the seminar start date. There are no refunds for no-shows. If the seminar is cancelled for any reason, NIGP's liability is limited to the registration fee only.  

Attendee substitutions within the same agency may be done at any time with email notification to NIGP. If attending via scholarship, please provide documentation verifying the scholarship issuer's name and contact information in lieu of payment information. 

Registration and payment must be received 24 hours prior to the course start date. After this time, registrations will be based on space availability.  A full refund, less a $75 administrative fee will be given for cancellations made in writing 31+ days prior to the seminar date by emailing RegistrationInfo@nigp.org. No refunds are given for cancellations received within 24 hours of the seminar start date. There are no refunds for no-shows. If the seminar is cancelled for any reason, NIGP's liability is limited to the registration fee only.  

Attendee substitutions within the same agency may be done at any time with email notification to NIGP. If attending via scholarship, please provide documentation verifying the scholarship issuer's name and contact information in lieu of payment information. 

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Competency Module: Cost, Price, and Value Analysis

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