Implementing a Procurement Strategy (2021 Update)

PMI Project Management Professional 2021 Update
  • 11 Videos | 1h 4m 59s
  • Includes Assessment
  • Earns a Badge
  • Certification CPE
  • Certification PMI PDU
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Project management includes planning the procurement process to obtain the materials, products, and services required for your project. This means having a procurement management process in place to identify suitable vendors, evaluate proposals, manage relationships with sellers, monitor procurement activities, and make changes and corrections when necessary. In this course, you'll explore methods and strategies to plan, conduct, and control the procurement process, from bidding and estimates to statements of work (SOW) to records management. You'll learn about contracts, procurement management tools and techniques, and make-or-buy analysis. 

WHAT YOU WILL LEARN

  • discover the key concepts covered in this course
    label individuals in a scenario as either buyer or seller
    determine whether a given contract term will reduce the risk for the buyer or for the seller
    identify types of fixed-price contracts
    classify agreements as either cost-reimbursable or time-and-materials contracts
    identify the tools and techniques used to plan procurement management
  • recognize activities in a make-or-buy analysis
    perform a make-or-buy analysis and determine the breakeven point
    recognize examples of documents used in solicitation and procurement activities with prospective vendors
    match tools and techniques for conducting procurements with the most appropriate activities
    distinguish between tools and techniques for controlling procurements

IN THIS COURSE

  • Playable
    1. 
    Implementing a Procurement Strategy (2021 Update)
    33s
    UP NEXT
  • Playable
    2. 
    Buyer and Seller Roles in Procurement Management
    5m 56s
  • Locked
    3. 
    Contracts Overview
    4m 17s
  • Locked
    4. 
    Types of Fixed-price Contracts
    5m 52s
  • Locked
    5. 
    Time-and-Materials and Cost-reimbursable Contracts
    5m 55s
  • Locked
    6. 
    Tools and Techniques for Planning Procurements
    3m 29s
  • Locked
    7. 
    Make-or-buy Analysis Activities
    5m 35s
  • Locked
    8. 
    The Break-even Point
    5m 19s
  • Locked
    9. 
    Procurement Documents
    5m 8s
  • Locked
    10. 
    Tools and Techniques for Conducting Procurements
    3m 32s
  • Locked
    11. 
    Tools and Techniques for Controlling Procurements
    4m 25s

EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE

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