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  • Berkeley Global

Project Cost and Procurement Management

BUS ADM X474.3

40339
Delivery Options Online

Procuring products and services is an essential part of a project manager's responsibilities. Learn the fundamentals of the procurement process, from developing procurement documents and specifications to evaluating vendor proposals, crafting appropriate contracts and overseeing successful execution of contracts. Examine a variety of contractual arrangements and fee options.

Prerequisites:

Project Management BUS ADM X470

Course Outline

Expand or collapse section

Course Objectives

  • Understand the processes of cost management and procurement management
  • Create and refine activity effort and cost estimates
  • Define and use project cost metrics, including Earned Value Management (EVM) and project return on investment (ROI)
  • Aggregate project costs and develop a project budget
  • Assess and initiate project procurement to engage external resources
  • Define the types and components of a contract
  • Negotiate and finalize a contract
  • Monitor and control project costs and manage project procurements

 
What You'll Learn

  • PMBOK® and PMI tools
  • Cost estimating (internal and external labor, materials, equipment, travel, communications, overhead, etc.) and refinement
  • Delphi technique
  • Using spreadsheets and software tools for project cost management
  • Cost metrics and Earned Value Management (EVM)
  • Alternatives to EVM
  • Project budgeting
  • Cost aggregation 
  • ROI analysis
  • Negotiating project budget changes
  • Validating project funding with sponsor, stakeholders
  • Procurement planning selection requirements and criteria
  • Projects undertaken on a contract basis (providing outsourced services)
  • Request and evaluation of Proposals (RFPs) and Statement of Works (SOWs) 
  • Contract negotiation and award process
  • Cost and procurement control and close-out
  • Ongoing risk management


How You'll Learn

  • Lectures
  • Team projects
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Sections

Section 162

Feb 01 to Mar 29

Type: Online, Fixed Date

Instructor:

  • Catherine Pinkas, PhD

Cost: $1,045.00

See section 162 Details

Type Online, Fixed Date

Dates

Feb 01, 2023 to Mar 29, 2023

Instructional Hours

30.00

Delivery Options

Online

Available for Credit

2 semester units

Section Notes

Students must score a 70% or higher on the final paper and presentation or exam to pass the course.

 

Section Materials

  • Textbook

    (Mandatory)

    A Guide to the Project Management Body of Knowledge (PMBOK Guide) by Project Management Institute

    © 2017 Project Management Institute © 6th edition ISBN 9781628251845
  • Textbook

    (Mandatory)

    Procurement Management: A Guide to Structured Procurements by Stephen Guth

    © 2018 CreateSpace Independent Publishing Platform 6th edition ISBN 9781717881595
  • Textbook

    (Optional)

    Project Math by James Robison

    © 2018 ISBN 978-1-71800-999-8
  • Textbook

    (Optional)

    Request for Proposal, A Guide to Effective RFP Development by Bud Porter-Roth

    © 2002 Addison-Wesley 1 edition ISBN 9780201775754
  • Textbook

    (Optional)

    Delivering Project Excellence with the Statement of Work by Michael G. Martin

    © 2010 Management Concepts ISBN 9781567262575

Spring enrollment opens on October 17!

This course applies to the following programs:

Advanced Program in Project Management

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Skills Electives

  • Agile Principles and Practices
  • Business Analysis Fundamentals
  • Business Process Modeling and Design
  • Program Management
  • Project Cost and Procurement Management
  • Project Schedule and Risk Management
  • Project Scope and Quality Management
  • Software Project Management

Leadership Electives

  • Advanced Human Factors: Improving Personal Effectiveness and Influence
  • Essential People Management Skills for Project Leaders
  • Leadership Without Authority
  • Talent Management and Workforce Development

Learn More About this Program

Certificate Program in Construction Management and Leadership

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Core Course Requirements

  • Management in the Construction Industry
  • Construction Project Scheduling and Control
  • Preconstruction Estimating: From the Design Development Stage to the Final Bid Process
  • Introduction to BIM: Virtual Design and Construction Technology
  • Sustainable Construction Management and Field Practices
  • Fundamentals of Construction Law
  • Project Management
  • Organization and Management

Elective Courses

  • Project Cost and Procurement Management
  • Project Schedule and Risk Management
  • Business Negotiating
  • Leadership Without Authority
  • Principles of Sustainability
  • Building Systems and Technology
  • Introduction to LEED v4: Concepts of Green Building and Design

Learn More About this Program

Certificate Program in Facilities Management

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Core Courses

  • Introduction to Facilities Management
  • Facilities Management: Commercial Real Estate
  • Facilities Management: Operations and Maintenance
  • Facilities Management: Risk and Business Continuity
  • Facilities Management: Strategic Planning Leadership and the Organization

Facilities Electives

  • Building Systems and Technology

Construction Electives

  • HVAC Control and Energy Management Systems
  • Introduction to BIM: Virtual Design and Construction Technology

Environment Electives

  • Introduction to LEED v4: Concepts of Green Building and Design
  • Managing Sustainable Change in an Organization

Business Electives

  • Presenting Quantitative Data Effectively
  • Business Communication: Writing and Speaking
  • Business Negotiating

Project Management Electives

  • Project Management
  • Project Cost and Procurement Management

Learn More About this Program

Certificate Program in Project Management

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Required Courses

  • Project Management
  • Project Leadership and Building High-Performing Teams
  • Project Initiation: How to Launch Successful Projects
  • Project Execution and Control

Primary Electives

  • Agile Principles and Practices
  • Project Scope and Quality Management
  • Project Schedule and Risk Management
  • Project Cost and Procurement Management

Additional Electives

  • Advanced Human Factors: Improving Personal Effectiveness and Influence
  • Business Analysis Fundamentals
  • Program Management
  • Essential People Management Skills for Project Leaders
  • Business Process Modeling and Design
  • Software Project Management
  • Leadership Without Authority
  • Agile Principles and Practices
  • Project Scope and Quality Management
  • Project Schedule and Risk Management
  • Project Cost and Procurement Management

Learn More About this Program

Notes

Departmental contact: extension-business@berkeley.edu | (510) 642-4231

We Are a PMI Authorized Training Partner

As a PMI Authorized Training Partner (ATP), we are approved to offer training on courses that offer PDUs in order for you to be eligible to sit for the PMI Exam. Already have your PMP® credential? Our courses allow you to earn PDUs to maintain your certification. Learn from experts: All of our instructors possess PMP and PMP/ACP credentials.

PMI is the world’s leading professional association for a growing community of millions of project professionals and changemakers worldwide. As the world’s leading authority on project management, PMI empowers people to make ideas a reality. Through global advocacy, networking, collaboration, research and education, PMI works to prepare organizations and individuals to work smarter in an ever-changing and dynamic world.


Instructional Types

Live Online
Live Online courses provide an interactive learning experience with scheduled synchronous online sessions held via Zoom video conferencing (Pacific Time). Learn more about the Live Online format.
Online, Start Anytime
Continuous enrollment course begins when you enroll. You have a minimum of 90 days and a maximum of 180 days to complete the course.
Online, Fixed Date
Enroll in this course by its start date and complete it by its specified end date. There are no live sessions, but plenty of opportunities to collaborate with your classmates and instructor.
Classroom
Take classes in-person at one of our buildings or partner locations.

English Language Proficiency Requirements

All of our courses are taught in English. If English is not your first language, please use the following test scores as guides in order to be successful:

  • TOEFL: 90
  • IELTS Academic Format: 7
  • DAAD: C1
  • TEM-4 or TEM-8: Level 70
  • Duolingo: 115

Note: You do not need to submit test scores.

Extension

1995 University Ave., Suite 130

Berkeley, CA 94704-7000

extension@berkeley.edu

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Catherine Pinkas, PhD

Catherine Pinkas, PhD, M.B.A., PMP, has been a project management professional for more than 15 years, managing projects in a variety of industries, including finance, construction, information technology, hospital management, business development and events management. She has led curriculum development and training for numerous companies, including Apple, Cisco Systems, Bank of America, Network Appliances, IBM and Lawrence Berkeley Laboratory.

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