Pmp - Project Procurement Management

Master Procurement Management: Streamline Vendor Relations, Mitigate Risks, and Ensure Project Success

What you'll learn

Understand procurement management fundamentals and its impact on project success.

Identify key procurement processes and their integration with project management activities.

Learn techniques for defining and documenting procurement requirements.

Develop skills in selecting and managing vendors and suppliers effectively.

Understand how to create and manage procurement contracts and agreements.

Learn methods for monitoring and controlling procurement performance and compliance.

Explore strategies for managing procurement risks and resolving disputes.

Gain insights into leveraging procurement tools and technologies for project success.

Requirements

Basic understanding of project management principles and processes.

Familiarity with project scope and planning concepts.

Knowledge of contract management and legal fundamentals.

Proficiency in negotiation and vendor management skills.

Awareness of risk management principles and strategies.

Description

Procurement management is a critical aspect of project success. The ability to effectively source, negotiate, and manage vendor relationships can make the difference between a project that delivers on its promises and one that falls short. In PMP - Project Procurement Management, you’ll gain a comprehensive understanding of procurement principles, strategies, and best practices, equipping you to handle procurement challenges confidently and deliver outstanding results.Why This Course MattersIn today’s complex project landscape, managing procurement effectively is essential. It’s not just about buying goods and services; it’s about aligning procurement efforts with project objectives, ensuring compliance, mitigating risks, and fostering productive vendor relationships. This course equips you with the tools and knowledge needed to excel in procurement management and drive project success.What You’ll LearnThis in-depth course covers every aspect of procurement management, providing you with practical skills and actionable insights:Procurement FundamentalsUnderstand the core principles of procurement and its significance in project management.Explore procurement’s role in ensuring project timelines, budgets, and quality goals are met.Defining Procurement NeedsLearn techniques to define and document procurement requirements clearly.Perform a Make-or-Buy Analysis to make informed decisions on sourcing strategies.Mastering Vendor Selection and ManagementDevelop skills to identify, evaluate, and select the right vendors and suppliers.Understand source selection criteria and create effective procurement management plans.Contract Creation and ManagementDive into various contract types, including Fixed Price, Cost Plus, and Time & Material.Learn how to draft, negotiate, and manage contracts to minimize risks and maximize value.Monitoring and Controlling ProcurementExplore tools and techniques for tracking procurement performance and compliance.Understand the importance of regular reviews and adjustments to ensure procurement success.Managing Procurement Risks and DisputesLearn strategies to identify and mitigate procurement risks.Gain insights into resolving disputes efficiently and maintaining positive vendor relationships.Leveraging Procurement Tools and TechnologiesDiscover cutting-edge tools and technologies that streamline procurement processes.Learn how to integrate procurement efforts seamlessly with overall project management.Course Features6.5 Hours of On-Demand Video: High-quality video lessons covering real-world scenarios and practical examples.Structured Learning Path: 6 sections and 37 lectures that build your knowledge step-by-step.Interactive Quizzes: Test your understanding with quizzes at the end of each module.Comprehensive Tools & Techniques: Detailed guides on procurement strategies, contract types, and vendor management.Lifetime Access: Access course materials anytime, anywhere, for continuous learning.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Project Procurement Management - Introduction

Section 2: Project Procurement Mangement - Key Concepts

Lecture 3 Project Procurement Management - Key Concepts

Lecture 4 Understanding the Make or Buy Analysis

Lecture 5 What are Agreements and Contracts

Lecture 6 How to Perform the Procurements - Introduction

Lecture 7 What are the Processes of Conducting Procurement?

Lecture 8 Roles of the Project & Procurement Managers

Lecture 9 Understanding Contract Types - FP & FPEPA

Lecture 10 Understanding Contract Types - FPIF & FPAF

Lecture 11 Understanding Contract Types - CPFF, CPIF

Lecture 12 Understanding Contract Types - CPAF, CPF/CPPC

Lecture 13 Understanding Contract Types - Time & Material & IDIQ

Lecture 14 Risks associated with Contract Type

Lecture 15 Understanding Source Selection - Introduction

Lecture 16 Source Selection Analysis - Introduction

Lecture 17 Source Selection Criterion - Introduction

Section 3: Plan Procurement Management Process

Lecture 18 What is a Procurement Management Plan - Introduction

Lecture 19 Understanding Procurement Strategy - Introduction

Lecture 20 Types of Bid Documents

Lecture 21 The Point of Total Assumption (PTA)

Lecture 22 Plan Procurement Management - Introduction

Lecture 23 Plan Procurement Management - Inputs

Lecture 24 Plan Procurement Management - Tools & Techniques

Lecture 25 Plan Procurement Management - Outputs

Lecture 26 Quiz - Plan Procurement Management

Section 4: Conduct Procurement Process

Lecture 27 Conduct Procurements - Introduction

Lecture 28 Conduct Procurements - Inputs

Lecture 29 Conduct Procurements - Tools & Techniques

Lecture 30 Conduct Procurements - Outputs

Lecture 31 Quiz - Conduct Procurements

Section 5: Control Procurement Process

Lecture 32 Control Procurements - Introduction

Lecture 33 Control Procurements - Inputs

Lecture 34 Control Procurements - Tools & Techniques

Lecture 35 Control Procurements - Outputs

Lecture 36 Quiz - Control Procurements

Section 6: PMP Exam - Project Procurement Management

Lecture 37 PMP Exam - Procurement Management

Aspiring PMP students looking to sit and clear their PMP Exam,Project Managers needing to oversee procurement processes and vendor relationships.,Procurement Specialists aiming to enhance their project-specific procurement skills.,Contract Managers looking to improve their contract negotiation and management techniques.,Project Team Members involved in procurement activities and vendor coordination.,Organizational Leaders seeking to understand procurement impacts on project success and strategy.