Procurement Planning (PMI - PMP)

Project Management Professional Certification Program (PMI-PMP)

What you'll learn:

• Label individuals in a scenario as either buyer or sellers
• Determine whether a given contract term will reduce the risk for the buyer or for the seller
• Recognize the inputs to the Plan Procurement Management process
• 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
• Identify outputs of the Plan Procurement Management process
• Recognize examples of documents used in solicitation and procurement activities with prospective vendors
• Demonstrate your understanding of the Plan Procurement Management process

The Procurement Planning (PMI - PMP) is course 25 of 28 of the Project Management Professional Certification Program (PMI-PMP).

Procurement management may not be the most flashy of all the project management knowledge areas, but it's still pretty important. Procurement is all about obtaining the goods and services that you'll need for your project.

From purchasing raw materials, to contracting out specialties services you need to make sure the goods you buy are good quality. That they arrive when you need them.

And that you maintain good relationships with your suppliers. In this course, we're going to look at the plan procurement management process.

1. Buyers and Sellers in Procurement Management
2. Introduction to Contracts
3. Inputs to Plan Procurement Management
4. Fixed-price Contracts
5. Cost-reimbursable and Time-and-materials Contracts
6. Tools and Techniques of Plan Procurement Management
7. Make-or-buy Analysis
8. Performing a Make-or-buy Analysis
9. Outputs of Plan Procurement Management
10. Bid and Procurement Documents
11. Exercise: Planning Procurement Management

That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!