Navigating Project Procurements
Most projects require products, services or results from suppliers outside the organization, a process known as procurement management. The outcomes of projects are in part determined by the scope, quality and timeliness of the supplied deliverables. This course is for project management professionals seeking guidance in the details and management of the logistics of procurement and use of resources and services used in projects. Through online, interactive learning with real-world examples, students will explore procurement management processes such as make-or-buy analysis, identifying qualified vendors, writing a procurement statement of work, selecting a contract type, evaluating proposals and managing change requests, as well as ethical issues and negotiation strategies. At the end of this course, students will know how to integrate procurement management concepts with broader project management practices in order to produce better project outcomes.
Learning Outcomes
- Prepare a procurement statement of work (SOW)
- Explain when to use each contract type
- Categorize mandatory and desirable qualifications and identify the source selection criteria that will be used to evaluate potential sellers
- Plan an effective negotiation strategy and identify the steps required to closeout a procurement contract
- Apply techniques for controlling a vendor-led project
Skills You Will Gain
- Procurement management
- Contract type selection
- Source selection and evaluation
- Forecasting project performance
- Negotiation
Association Credits
Section Notes
This is an online course with class materials that can be accessed throughout the week. The course is structured to move from one week to the next with assignments due regularly throughout the course.
Students will receive an email with login information to access the course on the first day of class.
Certificate Students: Students must earn a grade of C or higher (not a C minus) in order for this course to count towards the requirements for the Project Management Certificate. Courses applied towards the Project Management Certificate must be completed within five years.
Enrollment Policies
Refund Deadline: 1/19/2024. Refunds and/or enrollment transfers will not be approved after this date.
Drop requests (withdraw with a refund) will be approved, less a $30 processing fee, if the request is received within the first two weeks of the course. Click here to view complete enrollment policy information including details on withdrawals and transfers.
Students have the first week of class to enroll with the understanding that students who enroll after the first day of class are expected to reach out to their instructors to make sure they receive all content and are on track with the course.
*Project Management Institute, PMI, Project Management Professional, PMP, Certified Associate in Project Management, CAPM, and PMBOK are registered marks of the Project Management Institute, Inc.
Prerequisites
None, however it is highly recommended that you take Foundations of Successful Project Management as the first course prior to taking this course (may be taken concurrently).