Objectives and Intended Outcomes
Upon successful completion of this course participants will be able to:
- Define procurement within the context of a project
- Describe the elements of a procurement management plan
- Explain the various roles and responsibilities of buyers and sellers
- Compare contract types and analyze make-or-buy decisions
- Discuss the techniques that contribute to effective project procurement documents
- Identify common criteria for selecting sellers
- Describe the activities involved in controlling procurements and ensuring that sellers are on track to complete deliverables that conform to project requirements
- Explain the importance of negotiating for a suitable contract and ensuring that any changes to the procurement requirements are well-documented
- Describe the circumstances under which project procurements can be closed
This course was designed as a supplemental study guide for the major content areas of Chapter 12 of A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Sixth Edition. In this course, you'll learn how to create a cohesive procurement management approach to guide all details of project procurement. You'll select the appropriate contract or agreement type for each procurement transaction and work with selected sellers to guarantee results. You'll also monitor and control all activities and actions for products, services, and results acquired from outside of the project team.
This course aligns with the PMBOK® Guide Sixth Edition. (The PMBOK® Guide is not included in the cost of this course and must be purchased separately.)
Taking advantage of online interactivity, the course contains a vocabulary game, flashcards, and other activities to help you master the material.