Procurment For Project Managers

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synopsis

Welcome to "Procurement for Project Managers" – where we dive deep into acquiring goods and services, a vital skill for any successful project manager. Get ready to master the intricacies of procurement, ensuring you get the right resources at the right time for maximum project value.


Procurement for Project Managers is a three-day, integrated, case-study-based class. It discusses the processes required to acquire goods and services and attain project scope from outside the organization. The project manager needs to ensure that he/she is getting the right products or services at the right time and securing the best value for the project. The project manager procures a considerable portion of the products and services needed on a project. Thus, procurement management is a critical factor for the successful completion of a project. The project manager must develop and apply the necessary skills and competencies to manage it effectively and efficiently. This course is aligned with the latest version of A Guide to the Project Management Body of Knowledge® (PMI® Guide to the PMBOK®). Participants will learn and apply procurement management skills, tools, and techniques through case studies and hands-on activities in a project context. 


You can attend this course in one of the following formats: 

  1. instructor-led training in a live, virtual classroom,
  2. e-training (on-demand),
  3. instructor-led training in a live classroom, and
  4. blended (on-demand and live sessions).

you will learn how to

At the end of this course, you should be able to:


  • Understand the fundamental principles of procurement management within the context of project management.
  • Explore the procurement processes and their integration into the project lifecycle.
  • Learn how to identify, select, and manage suppliers and vendors.
  • Develop strategies for negotiating and contracting to achieve optimal project outcomes.
  • Master the art of risk management within procurement activities.
  • Gain hands-on experience applying procurement management tools and techniques through real-world case studies and practical exercises.
  • 
  • This course uses digital materials.

audience

The course "Procurement for Project Managers" audience includes individuals involved in project management or procurement activities and seeking to enhance their knowledge and skills in procurement management within a project context. Specifically, we designed the course for:


  • Project Managers and Senior Project Managers: Project managers who want to deepen their understanding of procurement processes and strategies to ensure the successful completion of their projects.
  • Project Coordinators and Team Leaders: Individuals who play supporting roles in project management and wish to contribute more effectively to procurement activities within their projects.
  • Procurement Professionals: Procurement specialists and professionals looking to expand their expertise by understanding how procurement integrates with project management practices.
  • Anyone Involved in Project Management or Procurement Activities: This course is also open to individuals who may not have formal titles like "project manager" or "procurement professional" but are involved in project management or procurement tasks within their organisations and want to improve their skills.


While there are no strict prerequisites for the course, having a basic understanding of project management concepts could be beneficial. Ultimately, the course caters to a diverse audience with varying levels of experience in both project management and procurement, providing valuable insights and knowledge applicable to a wide range of 

OUTLINE

  • MODULE 1: INTRODUCTION TO PROCUREMENT IN PROJECT MANAGEMENT

    At the end of this module,  you should be able to:

    1. Define the role and importance of procurement management in project execution.
    2. Explain how procurement management aligns with project management.
    3. Recognise key terminology and concepts related to procurement.

  • MODULE 2: PROCUREMENT PROCESSES AND INTEGRATION

    At the end of this module, you should be able to:

    1. Describe the various stages and processes of procurement within the project lifecycle.
    2. Explain how to integrate procurement activities into the overall project management framework.
    3. Understand the relationships between project scope, procurement, and project objectives.

  • MODULE 3: IDENTIFYING PROCUREMENT NEEDS AND REQUIREMENTS

    At the end of this module,  you should be able to:

    1. Identify the project's procurement needs and requirements.
    2. Describe methods for determining what products or services we need to procure.
    3. Articulate the importance of aligning procurement with project goals and objectives.

  • MODULE 4: SELECTING SUPPLIERS AND VENDORS

    At the end of this module, you should be able to:

    1. Develop criteria for supplier/vendor selection.
    2. Evaluate potential suppliers/vendors based on various factors, including quality, cost, and capacity.
    3. Understand the importance of building effective supplier relationships.

  • MODULE 5: NEGOTIATING AND CONTRACTING

    At the end of this module, you should be able to:

    1. Master negotiation techniques and strategies to secure favourable terms and conditions.
    2. Draft effective procurement contracts that protect the project's interests.
    3. Manage changes and modifications to contracts during the project's lifecycle.

  • MODULE 6: RISK MANAGEMENT IN PROCUREMENT

    At the end of this module, you should be able to:

    1. Identify and assess risks associated with procurement activities.
    2. Develop risk mitigation strategies and contingency plans.
    3. Understand how risk management contributes to successful procurement.

  • MODULE 7: PROCUREMENT MANAGEMENT TOOLS AND TECHNIQUES

    At the end of this module, you should be able to:

    1. Explore a range of procurement management tools and techniques.
    2. Apply tools such as make-or-buy analysis, vendor evaluation matrices, and procurement software.
    3. Use procurement management tools to make informed decisions.

  • MODULE 8: CASE STUDIES AND PRACTICAL EXERCISES

    At the end of this module, you should be able to:

    1. Apply procurement management skills and knowledge in practical, project-based scenarios.
    2. Analyse and solve real-world procurement challenges through case studies.
    3. Develop proficiency in using procurement tools and techniques.

  • MODULE 9: COURSE RECAP AND INTEGRATION

    At the end of this module, you should be able to:

    1. Summarise key concepts and principles covered throughout the course.
    2. Reflect on how procurement management integrates into the broader project management context.
    3. Prepare for the course assessment and certification.

  • MODULE 10: COURSE ASSESSMENT AND CERTIFICATION

    At the end of this module, you should be able to:

    1. Demonstrate a comprehensive understanding of procurement management concepts and practices.
    2. Complete the course assessment to receive a certificate of completion.
    3. Be prepared to apply the knowledge and skills gained in real-world project management and procurement scenarios.

PROCUREMENT FOR PROJECT MANAGERS FAQs

  • What background do I need for this course?

    No XXXX experience is required. 

  • Is the on-demand content the same as the 4-day instructor class?

    The content and concepts are very similar. We designed the on-demand class to be suitable for a digital, self-study format.

  • What will I receive in the self-study, interactive course?

    At the end of this course, you will receive: 


    • 32 hours of content,
    • a printable student guide, 
    • interactive video lessons with personalized navigation,
    • instructor email support,
    • a student discussion board where you can engage and chat with other students,
    • interactive games, 
    • Interactive learning assessments, and
    • practice exams.

  • How will I access my course materials if I choose on-demand method?

    When we receive the payment, you will receive an email from INDENTRA LTD. with all the links and information you need to get started.

  • How can I sign up for a review session or an Instructor-led version of this course?

    Once you enroll in the course, INDENTRA LTD will send you an email with the specific details and dates.

  • How to schedule my instructor-led training?

    At any time, you may call or email our customer service team for assistance in enrolling in the event date of your choice. Alternatively, you can choose to use the online scheduling feature.

PROCUREMENT FOR PROJECT MANAGERS Reviews

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