Course Description:

This course provides students a detailed view of the project procurement and contract management processes. Students are introduced to the procurement solicitation, and contract processes of project management. A systematic approach will aid students in developing an in-depth understanding of procurement and contracting issues from the standpoints of both, the buyer and seller of products and services needed to complete project work.

Course Goal:

To enhance the participants’ knowledge, skills, and abilities necessary for Project Procurement and Contract Management

Course Objective:

By the end of this course, the participant will be able to:

1. Understand the vocabulary and fundamental concepts of procurement and contracting
2. Understand project procurement and contracting techniques
3. Determine the various types of contracts, their strengths and weaknesses, and when they should best be utilized
4. Understand procurement and contracting issues from the unique perspectives of the buyer and seller

Course Outlines:

1. Introduction
2. Project Procurement Management
3. Overview
4. Legal Concepts of Contracts
5. Contract Pricing
6. Procurement Planning
7. Solicitation Planning
8. Solicitation
9. Source Selection
10. Contract Administration
11. Contract Closeout
12. Contract Management for Sellers

Who Can Benefit?

Project managers who wish to enhance their understanding of the project procurement and contract management process should attend this class.