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Project Procurement Management
Rating: 4.3 out of 5(20 ratings)
250 students

Project Procurement Management

Tools and techniques in project procurement process
Created byManagement Study Guide
Last updated 9/2019
English
English [Auto],

What you'll learn

  • What is Project Procurement Management
  • How does procurement management work
  • What are the processes in project procurement management
  • What is project procurement plan
  • Tools and techniques in project procurement process
  • What is project expediting

Explore related topics

Course content

1 section • 7 lectures • 34m total length

  • Introduction4:46

    Explore project procurement management, including planning, contracting, and expediting, illustrated by a textile company’s experience with cotton bales, machinery, training, and timely delivery.

  • What is Project Procurement Management1:08

    Drive project procurement management by collaborating with external suppliers to obtain goods and services through contracts, monitor performance, and apply change control to ensure on-time delivery and cost savings.

  • How does procurement management work2:08

    Explore the four focus areas of procurement management—purchasing or renting, analyzing requirements, calling for bids, and selecting suppliers—and how contract terms and payment considerations drive long-term cost effectiveness.

  • What are the processes in project procurement management2:22

    Identify and manage the four project procurement processes—specification, contracting, control, and measurement—through collaboration between the project manager and purchasing department to deliver items on time and within budget.

  • What is project procurement plan1:26

    Explore how the project procurement plan organizes procurement activities, guides template design and approvals, and supports supplier selection, contract management, staged delivery, testing, and risk management.

  • Tools and techniques in project procurement process15:14

    Explore tools and techniques in the project procurement process, including make or buy analysis and contract types such as fixed price, fixed total cost, price adjustment, incentive, and cost reimbursable.

  • What is project expediting7:30

    Explore project expediting by applying exception expediting, routine status checks, and advanced expediting to pressure suppliers, identify critical items, and ensure timely delivery through scheduling, remedial actions.

Requirements

  • No prior knowledge is required

Description

A unique course designed especially for procurement managers and project managers. This course teaches the readers that if the procurement process is not properly planned, it will ruin the business of the entire organization as a whole. If the procurement process is not properly planned, it will ruin the business of the entire organization as a whole. This course covers the areas like:-

Project Procurement Management

How does procurement management work?

What is project procurement plan?

What is project expediting?

The course begins with an interesting introduction part which explains the importance of procurement management. Project procurement management is a process where an organization collaborates with external suppliers to obtain goods and services. These relationships are created based on a contract. The supplier supplies goods and services on time to the organization and meets the standard requested by the purchaser.

Procurement Management deals with getting work done by people who are external to the project team. Procurement management includes monitoring the contracts, change the control process to manage contracts or purchase orders.

Procurement management is a process where goods and services are obtained from different organization. Even though there are other management techniques, procurement management has several advantages over the other. It helps an organization to save more money spent when purchasing goods and services from others.

Who this course is for:

  • Project Managers
  • Procurement managers
  • Supervisors
  • Management Staff

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