Project Procurement Fundamentals
Duration: 2 Days Contact hours: 16 hours
Course level: Beginner to Intermediate Price: $1050
Improve project performance through effective procurement activities.
For many projects procured goods and services account for 60% or more of project expense. Effective procurement management for these projects is often the difference between project success and failure. This course is designed to equip project professionals, or supply chain/procurement professionals, with the skills and knowledge necessary to effectively identify, select and manage suppliers in a project environment.
Prerequisites:
Attendees should have a basic understanding of project management, supply chain management, or purchasing activities.
What you will gain from this course:
- The knowledge and skills necessary to apply procurement and contract management processes in a project environment.
- Understanding of the supplier identification and selection processes.
- Fundamentals of contract management.
- Ability to develop and execute project sourcing strategies.
Who should attend this course:
- Project managers, procurement managers, contract managers, or others who are involved with sourcing and procurement of goods and services for projects.
Course agenda:
The procurement process
- Sourcing and procurement fundamentals
- Special considerations for procuring in a project environment
- Procurement and contract terminology
- Basics of procurement strategy
- Primary activities of project procurement.
Procurement planning
- Developing the project procurement plan
- Integration of project scope and procurement strategy
- Procurement’s role in the project team
- Supplier identification
- Contract types
Sourcing for projects
- Sourcing strategies
- Integration of procurement strategy and project sourcing
- Evaluating supplier proposals
Contract negotiation and administration
- Contract negotiation strategies
- Elements of a contract
- Contract performance measures
- Contract closure
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