Day Four

A session at PMP Training, PMP Boot Camp, PMP Exam Prep, PMP Boot Camp Hartford, CT

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

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Date Thu 28th March 2013

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