Navigating Project Procurement

Quarter Academic Credit
2

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
Course Code
501140
Title Start Date Enrollment
Navigating Project Procurements Jun 17, 2024 Enroll Now