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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.
Course Outline
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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
Course content subject to change.