Project Procurement & Contract Management

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

Course Certificate

Masters certificate will be issued to all attendees completing minimum of 75% of the total tuition hours of the course.

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 Outline:

- 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