Course Category

Project Procurement Management (Fourth Edition) - Online

This course was designed as a supplemental study guide for the major content areas of Chapter 12 of A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fourth Edition. In this course, you will consider the various aspects of the Project Procurement Management knowledge area.

This is Module 10 of the Project Management - PMP® Exam Prep Course (Fourth Edition)

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer.

• Define procurement within the context of a project
• Understand the elements of the procurement management plan
• Explain the various roles and responsibilities of buyers and sellers
• Understand the various options for project procurement decisions: make-or-buy decisions, decisions about contract types
• Understand the techniques that contribute to effective project procurement documents
• Identify common criteria for selecting sellers
• Understand the activities involved in administering procurements and ensuring that sellers are on track to complete deliverables that conform to project requirements
• Explain the importance of negotiating for a suitable contract and ensuring that any changes to the procurement requirements are well-documented
• Understand the circumstances under which project procurements can be closed