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

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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.

Homepage:

https://www.udemy.com/course/pmp-project-procurement-management/