Project Management Foundations: Procurement

Learn how to plan, manage, and execute project procurements, as well as leverage AI and automation tools to streamline procurement processes.

Introduction: Navigating Project Management Procurement

• Implement successful procurement
• What to know before watching

1. Procurement Management Overview

• Define procurement management
• Project manager's role in procurement
• Key procurement management concepts

2. Common Procurement Pitfalls

• Dealing with conflicts of interest
• Failure to communicate objectives
• Use of blanket purchase agreements

3. Critical Procurement Success Factors

• Study best practices
• Tailor procurement techniques
• Reward behaviors and results
• Set up a contract change control system

4. Procurement Management Processes

• Plan Procurement Management
• Contract types
• Conduct Procurements
• Control Procurements

5. How to Implement Procurements

• Procurement research
• Procurement solicitation
• Procurement negotiation
• Procurement award
• Procurement administration
• Procurement closeout

6. Agile Procurement

• Embrace agile procurement
• Agile procurement contracting techniques

7. Emerging Trends: Project Procurement Management

• Focus on rapid procurement
• Increase in reverse auctions
• Automate procurement processes
• Leverage AI to improve procurements

Conclusion

• Improve your procurement skill set