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Project Procurement Management
Master Project Procurement: Make Smarter Buy Decisions, Manage Contracts & Select the Right Sellers
Created byOluseye Kolawole
Last updated 8/2026
English
What you'll learn
- Develop effective procurement plans that determine what, when, how, and how much to procure for successful project delivery.
- Make informed Make-or-Buy decisions by evaluating cost, capacity, expertise, risk, and strategic considerations.
- Select the right contract type by understanding Fixed-Price, Cost-Reimbursable, and Time & Materials contracts and their risk allocation.
- Prepare effective procurement documents including SOWs, RFQs, RFIs, RFPs, RFTs, and IFBs for different procurement needs.
- Evaluate and select qualified sellers using cost, technical capability, quality, financial strength, experience, and overall value.
- Conduct effective procurements and negotiations by evaluating proposals, managing bidders, negotiating agreements, and selecting sellers.
- Monitor and control procurement performance by managing cost, schedule, quality, risks, changes, claims, and seller performance.
- Successfully administer and close contracts by verifying deliverables, managing obligations, protecting rights, maintaining records, and obtaining formal accept
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Course content
4 sections • 17 lectures • 1h 31m total length
Requirements
- No prior project management knowledge or management experience required. Ideal for beginners as well as experienced professionals
Description
Effective procurement can make the difference between a project that delivers value and one that suffers from unnecessary cost, delays, disputes, and supplier problems.
This practical Project Procurement Management course equips you with the knowledge, tools, and techniques to plan, conduct, control, and close project procurements effectively.
You will learn how to make informed Make-or-Buy decisions, develop procurement strategies, prepare effective procurement documents, select appropriate contract types, evaluate sellers, negotiate agreements, and manage buyer–seller relationships throughout the project lifecycle.
You will also learn how to monitor cost, schedule, quality, risks, changes, claims, and seller performance, and how to properly verify deliverables and close contracts.
In this course, you will learn how to:
Develop effective Procurement Management Plans
Make sound Make-or-Buy decisions
Select appropriate contract types and procurement approaches
Prepare SOWs, RFQs, RFIs, RFPs, RFTs, and IFBs
Evaluate and select qualified sellers
Conduct proposal evaluations and negotiations
Monitor and control contract and seller performance
Manage claims, changes, and procurement risks
Successfully close contracts and procurements
Built for Exam Preparation & Real-World Application
This course is ideal for PMP® and CAPM® certification candidates, Project Managers, Procurement and Contract Professionals, PMO professionals, Project Coordinators, and aspiring project professionals.
Learn to procure smarter, manage contracts confidently, select the right sellers, and protect your project's cost, schedule, quality, and value.
Who this course is for:
- Whether you are preparing for the PMP® or CAPM® certification exam, managing suppliers today, or building your project management career, this course will help you make better procurement decisions, manage contracts effectively, and strengthen project delivery.