Project Procurement and Contract Management
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Project Procurement and Contract Management Course
Introduction:
This course offers a comprehensive overview of the resource acquisition, project completion, and requirement fulfillment processes. Participants will gain insights into the procurement, acquisition, and contract procedures in project management, as well as contract administration details. By adopting a systematic approach, students will develop a thorough understanding of procurement and contracting matters from the perspectives of both buyers and sellers involved in delivering the necessary products and services for project execution.
Course Objectives:
What you will achieve
- The vocabulary, and fundamental concepts of procurement and contracting
- Project procurement and contract management methods, tools, and techniques
- The various types of contracts and pricing models, their strengths and weaknesses, and when they should best be used
- Procurement and contract management issues from the unique perspectives of the buyer and seller
- What you will learn
- An Operational Model for Procurement and Contract Management - understand operational definitions, terms, concepts, and techniques
- Contract Selection - evaluate the various types of contracts to determine which will best represent the relationship between the buyer and seller
- Contract Administration - develop a process to maintain the integrity of the buyer-seller engagement; implement a formalized contract change control process
- Procurement & Contract Management Plan Development - create a customized overview plan of participants’ processes using statements of work, procurement documents, bidding processes, and state-of-the-art thinking to maximize procurement and contract management results
Who Should Attend?
This course is primarily designed for project managers who wish to enhance their understanding of the project procurement and contract management processes. Individuals taking this course should have at least two years of experience working on project teams.
Course Outlines:
- Course Introduction
- Project Procurement Management Overview
- Legal Concepts of Contracts
- Contract Pricing
- Plan Purchases and Acquisitions
- Plan Contracting
- Request Seller Responses
- Select Sellers
- Contract Administration
- Contract Closure
- Contract Management for Sellers