Project Procurement and Contract Management
Description
Procurement planning, vendor selection, contract management, and supplier relationship management in project contexts
Learning Objectives
Learners will develop expertise in project procurement processes including procurement planning, vendor evaluation and selection, contract negotiation, and ongoing contract administration throughout the project lifecycle.
Topics (8)
Fixed-price contracts, cost-reimbursable contracts, time and materials contracts, and hybrid contract structures.
Negotiation preparation, negotiation strategies, win-win negotiation, contract terms negotiation, and agreement finalization.
Contract performance monitoring, change control procedures, payment processes, and supplier performance management.
Contract completion verification, final acceptance procedures, final payments, dispute resolution, and procurement audit processes.
Make-or-buy analysis, procurement planning process, procurement management plan, and procurement strategy development.
Request for proposal (RFP) processes, vendor evaluation criteria, proposal evaluation, and supplier selection methodologies.
Procurement risk identification, supplier risk assessment, risk mitigation strategies, and contingency planning.
Supplier relationship strategies, partnership development, performance improvement initiatives, and strategic supplier management.