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Procurement Planning (PMI - PMP)
Rating: 4.1 out of 5(104 ratings)
8,624 students

Procurement Planning (PMI - PMP)

Project Management Professional Certification Program (PMI-PMP)
Created bySorin Dumitrascu
Last updated 11/2025
English

What you'll learn

  • Label individuals in a scenario as either buyer or sellers
  • Determine whether a given contract term will reduce the risk for the buyer or for the seller
  • Recognize the inputs to the Plan Procurement Management process
  • 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
  • Identify outputs of the Plan Procurement Management process
  • Recognize examples of documents used in solicitation and procurement activities with prospective vendors
  • Demonstrate your understanding of the Plan Procurement Management process

Explore related topics

Course content

1 section • 27 lectures • 2h 26m total length

  • A day in the life of a project manager3:52

    A day in the life of a project manager

  • Course Choice, Skill Development and Prior Knowledge
  • Course Overview1:46

    In this course, we're going to look at the plan procurement management process.

  • Effective Learning7:04

    Effective Learning

  • FAQs1:02

    FAQs

  • Program Overview (I)9:21

    The Project Management Professional Certification Course (PMI-PMP) includes a number of 28 sections covering the most relevant information in the Project Management Body of Knowledge (PMBOK6) developed by the Project Management Institute (PMI).

  • Program Overview (II)11:08

    The Project Management Professional Certification Course (PMI-PMP) includes a number of 28 sections covering the most relevant information in the Project Management Body of Knowledge (PMBOK6) developed by the Project Management Institute (PMI).

  • Project Management Process Group and Knowledge Area Mapping0:12

    Project Management Process Group and Knowledge Area Mapping

  • Project Procurement Management Overview0:20

    Project Procurement Management Overview

  • The Science of Better Learning5:14

    The Science of Better Learning

  • Buyers and Sellers in Procurement Management7:03

    After completing this topic, you should be able to label individuals in a scenario as either buyer or sellers

  • Introduction to Contracts5:07

    After completing this topic, you should be able to determine whether a given contract term will reduce the risk for the buyer or for the seller

  • Plan Procurement Management: Inputs, Tools & Techniques, and Outputs0:23

    Plan Procurement Management: Inputs, Tools & Techniques, and Outputs

  • Inputs to Plan Procurement Management7:30

    After completing this topic, you should be able to recognize the inputs to the Plan Procurement Management process

  • Fixed-price Contracts7:11

    After completing this topic, you should be able to identify types of fixed-price contracts

  • Cost-reimbursable and Time-and-materials Contracts6:57

    After completing this topic, you should be able to classify agreements as either cost-reimbursable or time-and-materials contracts

  • Tools and Techniques of Plan Procurement Management4:03

    After completing this topic, you should be able to identify the tools and techniques used to plan procurement management

  • Make-or-buy Analysis6:31

    After completing this topic, you should be able to recognize activities in a make-or-buy analysis

  • Concepts, Insights and Inquiries
  • Performing a Make-or-buy Analysis7:34

    After completing this topic, you should be able to perform a make-or-buy analysis and determine the breakeven point

  • Comparison of Procurement Documentation0:16

    Comparison of Procurement Documentation

  • Outputs of Plan Procurement Management6:38

    After completing this topic, you should be able to identify outputs of the Plan Procurement Management process

  • Bid and Procurement Documents6:19

    After completing this topic, you should be able to recognize examples of documents used in solicitation and procurement activities with prospective vendors

  • Exercise: Planning Procurement Management17:54

    After completing this topic, you should be able to demonstrate your understanding of the Plan Procurement Management process

  • Practical Activity: Performing a Detailed Make-or-buy Analysis
  • Procurement Planning (PMI - PMP)
  • Procurement Planning (PMI - PMP)
  • PMI Certification Info0:03

    PMI Certification Info

  • Procurement Planning (PMI - PMP)1:51

    In this course, we're going to look at the plan procurement management process.

  • Takeaways, Practical Applications and Endorsements
  • PMI PMP Exam Outline3:07

    PMI PMP Exam Outline

  • Ready to ace the PMI-PMP Exam?0:23

    After completing the Project Management Professional Certification Program (PMP), take your preparation to the next level with the Test Prep: Project Management Professional: PMI - PMP Exam Mastery.

    Dive deep into key topics, practice with real exam scenarios, and ensure you're fully equipped to conquer the PMI exams with confidence.

  • Applied Knowledge is the Real Power17:45

    You think knowing stuff changes the game? You think sitting in a library, stacking up facts like you’re building a Jenga tower, is gonna make you a winner? Man, that’s cute. But life ain't a trivia night. Information alone? It’s worthless. It’s like having a Lamborghini in your garage but you never learned how to drive. You just sit in it, making engine noises. Vroom vroom. People walk by, they see the car, but they also see you ain't going nowhere. You got all this knowledge, all these textbooks, but when life throws a punch, you’re still looking up the definition of "duck." It’s what you *do* with that information that actually matters. Don't be the person with the shiny car and no keys.

Requirements

  • No special requirements or prerequisites are needed to take this course, but some extra reading about projects, project management, project life cycle, organizational project management, project scope, project schedule, project costs, project quality, project human resources and project communications will help.
  • Part of the Project Management Professional Certification Course (PMI-PMP)

Description

The Procurement Planning (PMI - PMP) is course 25 of 28 of the Project Management Professional Certification Program (PMI-PMP).

Procurement management may not be the most flashy of all the project management knowledge areas, but it's still pretty important. Procurement is all about obtaining the goods and services that you'll need for your project.

From purchasing raw materials, to contracting out specialties services you need to make sure the goods you buy are good quality. That they arrive when you need them.

And that you maintain good relationships with your suppliers. In this course, we're going to look at the plan procurement management process.

1. Buyers and Sellers in Procurement Management
2. Introduction to Contracts
3. Inputs to Plan Procurement Management
4. Fixed-price Contracts
5. Cost-reimbursable and Time-and-materials Contracts
6. Tools and Techniques of Plan Procurement Management
7. Make-or-buy Analysis
8. Performing a Make-or-buy Analysis
9. Outputs of Plan Procurement Management
10. Bid and Procurement Documents
11. Exercise: Planning Procurement Management

Procurement planning is a crucial part of any major project. Careful attention during this stage can help ensure a smooth and successful project outcome. Whether you're working on a construction project, a software launch, or a business initiative, understanding the processes in this course will set you up to make informed procurement decisions and build strong vendor relationships.

That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!

Who this course is for:

  • Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.

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