Implementing a Procurement Strategy (2021 Update)

PMI Project Management Professional 2021 Update    |    Everyone
  • 11 videos | 49m 59s
  • Includes Assessment
  • Earns a Badge
  • Certification CPE
  • Certification PMI PDU
Rating 4.4 of 237 users Rating 4.4 of 237 users (237)
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

  • 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

  • 33s
    After completing this video, you will be able to discover the key concepts covered in this course. FREE ACCESS
  • 5m 56s
    After completing this video, you will be able to label individuals in a scenario as either buyer or seller. FREE ACCESS
  • Locked
    3.  Contracts Overview
    4m 17s
    After 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
  • Locked
    4.  Types of Fixed-price Contracts
    5m 52s
    After completing this video, you will be able to identify types of fixed-price contracts. FREE ACCESS
  • Locked
    5.  Time-and-Materials and Cost-reimbursable Contracts
    5m 55s
    After completing this video, you will be able to classify agreements as either cost-reimbursable or time-and-materials contracts. FREE ACCESS
  • Locked
    6.  Tools and Techniques for Planning Procurements
    3m 29s
    After completing this video, you will be able to identify the tools and techniques used to plan procurement management. FREE ACCESS
  • Locked
    7.  Make-or-buy Analysis Activities
    5m 35s
    After completing this video, you will be able to recognize activities in a make-or-buy analysis. FREE ACCESS
  • Locked
    8.  The Break-even Point
    5m 19s
    After completing this video, you will be able to perform a make-or-buy analysis and determine the breakeven point. FREE ACCESS
  • Locked
    9.  Procurement Documents
    5m 8s
    After completing this video, you will be able to recognize examples of documents used in solicitation and procurement activities with prospective vendors. FREE ACCESS
  • Locked
    10.  Tools and Techniques for Conducting Procurements
    3m 32s
    After completing this video, you will be able to match tools and techniques for conducting procurements with the most appropriate activities. FREE ACCESS
  • Locked
    11.  Tools and Techniques for Controlling Procurements
    4m 25s
    After 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.

PEOPLE WHO VIEWED THIS ALSO VIEWED THESE

Rating 4.5 of 712 users Rating 4.5 of 712 users (712)
Rating 4.3 of 1573 users Rating 4.3 of 1573 users (1573)
Rating 4.5 of 7114 users Rating 4.5 of 7114 users (7114)