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This course explains the processes, tools, and techniques used by project managers and project teams for procurement management. Participants learn how to develop a procurement strategy, identify potential sellers, and whether to acquire goods and services from outside of the project versus acquiring these skills and/or equipment for the project team. This course is taught through hands-on activities led by an experienced project manager and is based on both the PMBOK® Guide versions 6 and 7 incorporating best practices of project management from PMI®. This course can be configured based on client needs.

Objectives:
- Define procurement within the context of a project
- Develop a procurement management plan
- Learn the various roles and responsibilities and contract types
- Learn about effective tools and techniques in procurement management
- Learn to identify common criteria for selecting sellers
- Learn the activities involved in controlling procurements and ensuring sellers are conforming to project
requirements
- Learn high-level negotiation techniques
- Learn what closing a procurement involves