Sessions at PMP Training, PMP Boot Camp, PMP Exam Prep, PMP Boot Camp Hartford, CT on Thursday 28th March

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  • Day Four

    Project Procurement Management

    Why Procurement is important for Projects?
    Procurement Management lifecycle
    Project Manager's Procurement Management responsibilities
    Plan Procurements process
    Centralized vs. Decentralized Procurement organizations
    Make or Buy analysis
    Major types of Contracts – including FFP, Cost plus, T& M and their variations
    Risks associated with various types of contracts
    Importance of Procurement Management Plan
    Conduct Procurements Process
    Various types of Procurement documents – incl. RFP, RFQ, IB etc.
    Evaluation criteria to analyze vendor responses
    Source selection process
    Application of Screening and Weighting systems in Procurements selection
    Contract negotiations process
    Application of Seller rating systems
    Multiple negotiation tactics
    Contracts – their legal implications
    Administer Procurements process
    Contract change - how to manage them more effectively
    Dispute management processes
    Contract documentation file
    Discharge of contracts
    Close Procurements process
    Quiz – Project Procurement Management

    Professional Responsibilities of the Project Manager
    Professional responsibilities towards
    Quiz: Professional Responsibilities [with discussions ]
    PMP® MOCK test (200 questions) -- QAI proprietary
    Workshop Valedictory

    On Thursday 28th March