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Business Project Management

Procurement Planning (PMI - PMP)

Project Management Professional Certification Program (PMI-PMP)
Rating: 3.9 out of 53.9 (61 ratings)
8,414 students
Created by Sorin Dumitrascu
Last updated 10/2020
English
English
30-Day Money-Back Guarantee

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

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

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.

Course content

1 section • 23 lectures • 1h 52m total length

  • Preview01:46
  • Preview09:21
  • Preview11:08
  • Preview03:22
  • Project Management Process Group and Knowledge Area Mapping
    00:12
  • Project Procurement Management Overview
    00:20
  • Buyers and Sellers in Procurement Management
    07:03
  • Introduction to Contracts
    05:07
  • Plan Procurement Management: Inputs, Tools & Techniques, and Outputs
    00:23
  • Inputs to Plan Procurement Management
    07:30
  • Fixed-price Contracts
    07:11
  • Cost-reimbursable and Time-and-materials Contracts
    06:57
  • Tools and Techniques of Plan Procurement Management
    04:03
  • Make-or-buy Analysis
    06:31
  • Performing a Make-or-buy Analysis
    07:34
  • Comparison of Procurement Documentation
    00:16
  • Outputs of Plan Procurement Management
    06:38
  • Bid and Procurement Documents
    06:19
  • Exercise: Planning Procurement Management
    17:54
  • Course Project (optional)
    00:36
  • Procurement Planning (PMI - PMP)
    01:51
  • Procurement Planning (PMI - PMP)
    16 questions
  • PMI Certification Info
    00:04
  • Bonus Lecture
    00:05

Instructor

Sorin Dumitrascu
Management trainer
Sorin Dumitrascu
  • 4.1 Instructor Rating
  • 25,400 Reviews
  • 269,096 Students
  • 126 Courses

Before Udemy, Sorin developed and delivered courses on management, project management, computer literacy, human resources, career development, soft skills for employees and even corrections incidents management. 

Currently working as a consultant and program manager, he is a certified trainer and project manager, holding a master degree in International Relations and Policy Making and a bachelor degree in Law and Public Administration. 

Sorin coordinated during the last 10 years projects  in the areas of rule of law, regional development and human resources.

He has more than 10 years of middle/senior managerial experience within the civil service (justice, corrections, internal affairs, training), private sector (project management, consultancy, training) and NGO (industrial relations, rural development). 

Sorin is also a certified International Computer Driving License (ICDL) tester and trainer for the United Nations Peacekeeping Missions, certified Human Resource Professional and a Public Manager (professional degree). 

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