Implementing a Procurement Strategy (2021 Update)
PMI Project Management Professional 2021 Update
| Everyone
- 11 videos | 49m 59s
- Includes Assessment
- Earns a Badge
- CPE
- PMI PDU
Project management includes planning the procurement process to obtain the materials, products, and services required for your project. This means having a procurement management process in place to identify suitable vendors, evaluate proposals, manage relationships with sellers, monitor procurement activities, and make changes and corrections when necessary. In this course, you'll explore methods and strategies to plan, conduct, and control the procurement process, from bidding and estimates to statements of work (SOW) to records management. You'll learn about contracts, procurement management tools and techniques, and make-or-buy analysis.
WHAT YOU WILL LEARN
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Discover the key concepts covered in this course
Label individuals in a scenario as either buyer or seller
Determine whether a given contract term will reduce the risk for the buyer or for the seller
Identify types of fixed-price contracts
Classify agreements as either cost-reimbursable or time-and-materials contracts
Identify the tools and techniques used to plan procurement management -
Recognize activities in a make-or-buy analysis
Perform a make-or-buy analysis and determine the breakeven point
Recognize examples of documents used in solicitation and procurement activities with prospective vendors
Match tools and techniques for conducting procurements with the most appropriate activities
Distinguish between tools and techniques for controlling procurements
IN THIS COURSE
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33sAfter completing this video, you will be able to discover the key concepts covered in this course. FREE ACCESS
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5m 56sAfter completing this video, you will be able to label individuals in a scenario as either buyer or seller. FREE ACCESS
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3. Contracts Overview4m 17sAfter completing this video, you will be able to determine whether a given contract term will reduce the risk for the buyer or for the seller. FREE ACCESS
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4. Types of Fixed-price Contracts5m 52sAfter completing this video, you will be able to identify types of fixed-price contracts. FREE ACCESS
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5. Time-and-Materials and Cost-reimbursable Contracts5m 55sAfter completing this video, you will be able to classify agreements as either cost-reimbursable or time-and-materials contracts. FREE ACCESS
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6. Tools and Techniques for Planning Procurements3m 29sAfter completing this video, you will be able to identify the tools and techniques used to plan procurement management. FREE ACCESS
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7. Make-or-buy Analysis Activities5m 35sAfter completing this video, you will be able to recognize activities in a make-or-buy analysis. FREE ACCESS
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8. The Break-even Point5m 19sAfter completing this video, you will be able to perform a make-or-buy analysis and determine the breakeven point. FREE ACCESS
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9. Procurement Documents5m 8sAfter completing this video, you will be able to recognize examples of documents used in solicitation and procurement activities with prospective vendors. FREE ACCESS
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10. Tools and Techniques for Conducting Procurements3m 32sAfter completing this video, you will be able to match tools and techniques for conducting procurements with the most appropriate activities. FREE ACCESS
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11. Tools and Techniques for Controlling Procurements4m 25sAfter completing this video, you will be able to distinguish between tools and techniques for controlling procurements. FREE ACCESS
EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE
Skillsoft is providing you the opportunity to earn a digital badge upon successful completion on some of our courses, which can be shared on any social network or business platform.
Digital badges are yours to keep, forever.
