Project Procurement Management

Project Procurement Management is a two-day, instructor-led, training class designed to introduce participants to the essentials and advanced tools of the Project Procurement Management knowledge area.

Overview

Today’s ever evolving global economy requires organizations to “do more with less.”  This often means that a person’s career last longer that that of most companies; therefore, companies often have to look outside their organization to source project delivery resources.  As a result, project team members need to be well-versed in sourcing and procuring of external providers and partners.

Project Procurement Management is a two-day, instructor-led, training class designed to introduce participants to the essentials and advanced tools of the Project Procurement Management knowledge area.

The course structure effectively combines lecture and discussion with hands-on application of useful planning, executing, monitoring and controlling, and closing processes in the domain of project procurement management.

Audience

The course will benefit project managers, team members, functional managers, and other key project stakeholders in any industry who work with outside providers (vendors, contractors, consultants).

Length

16 hours

Outline

Introduction to Project Procurement Management

  • Basic Legal Terminology and Definitions
  • Project Team Stakeholder Perspectives
  • Virtual Team Characteristics and Challenges

Planning Procurements

  • Make vs. Buy Analysis
  • Types of Contracts
  • Advantages and Disadvantages of Contract Types
  • Source Selection Criteria
  • Procurement Management Plan

Conducting Procurements

  • Procurement Documents
  • Independent Estimates
  • Negotiation Skills

Managing Procurements

  • Elements of a Contract
  • Contract Change Control System
  • Procurement Performance Reporting

Closing Procurements

  • Procurement Audits
  • Lessons Learned
  • Data Archiving

Hands-on Application and Practice

Participants will further expand their knowledge and experience through applied individual and team exercises.  Using a selected organizational case study approach, participants will manage a sample project from initiation to closing through the following exercises:

  • Stakeholder Assessment
  • Scope Definition and Delineation
  • Make vs. Buy Analysis
  • Establishing Selection Criteria
  • Determining Contract Type(s)
  • Developing an Independent Estimate
  • Exercising Negotiation Skills
  • Procurement Performance Reporting