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Objectives

• The course is intended to enable participants to perform the tasks listed below :
• Incorporate the processes of the Project Procurement Management Knowledge Area into day-to-day project management activities.
• Describe the Project Procurement Management process interactions and data flow.
• Define a contract and identify the elements that make it legally binding.
• Identify various interpretations of contracts that may arise due to unclear writing.
• Describe factors involved in selecting a type of contract or contract variation.
• Conduct a make-or-buy analysis to determine a procurement strategy for a particular item.
• Identify key components of a procurement management plan.
• Define criteria to evaluate a seller.
• Use a weighting system to rate sellers proposals
• Create a records management system for project documents.
• Explain the process of completing and settling a contract, including resolution of any open items and closure of the contract
• Explain the contracts and procurement process from the sellers perspective

The Delegates

• Contracts, Purchasing, and Procurement personnel .
• Project, Engineering, Operational, and Maintenance, personnel who are involved in the planning, and execution of purchases and contracts .
• All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities .

The Contents

• Introduction to Project Procurement Management.
• Legal Concepts of Contracts :
• Overview of Legal Concepts of Contracts
• What Is a Contract?
• Five Elements of Contracts
• Contract Terms and Conditions
• Contractual Authority
• Contract Relationships
• Contract Interpretation
• Contract Conflicts
• Contract Types :
• Contract Types
• Fixed-Price Contracts
• Cost-Reimbursable Contracts
• Time and Material Contracts
• Contract Type Selection
• Additional Contract Types
• Plan Procurement Management
• Plan Procurement Management Process
• Inputs to the Plan Procurement Management Process
• Tools and Techniques for the Plan Procurement Management Process
• Outputs from the Plan Procurement Management Process
• Conduct Procurements :
• Conduct Procurements Process
• Inputs to the Conduct Procurements Process
• Tools and Techniques for the Conduct Procurements Process
• Outputs from the Conduct Procurements Process
• Control Procurements :
• Control Procurements Process
• Inputs to the Control Procurements Process
• Tools and Techniques for the Control Procurements Process
• Outputs from the Control Procurements Process
• Close Procurements :
• Close Procurements Process
• Inputs to the Close Procurements Process
• Tools and Techniques for the Close Procurements Process
• Outputs from the Close Procurements Process
• Procurement Management for Sellers :
• Procurement from the Seller Perspective
• Business Development
• Proposal Preparation
• Contract Negotiation and Execution
• Contract Administration
• Contract Closure
• Course summary.

 

The Discount

Free Seats Are Offered