PMP - Procurement Management

Projects usually require procurement’s. Projects need materials, consultants, equipment, training, and many other goods and services. Project procurement management is the process of purchasing the products essential for meeting the needs of the project scope.

Projects often require the receiving of goods or services to be successful. A make-lease-buy decision, as a part of the receiving strategy, can critically impact a project’s benefits and output. Learn best practices to procure outside services and products – from the initial decision to buy, through final contract closeout. Identify what must be done to successfully execute the four key project management processes: source selection, procurement planning, contract closeout, and contract administration. Formulate the make-lease-buy decision; prepare productive procurement management strategies to guide the team, and use outsourcing and partnering for maximum benefit.
Procurement Management includes getting work done by people outside the project team. Project Procurement Management involves administering change control and contracts process to manage contracts or purchase orders.

Learn how principled negotiation can help you bargain efficiently when procuring needed services and goods. A key concern of project managers is project procurement—the process of identifying and acquiring the necessary goods and services to implement and complete project plans. Successful project managers, therefore, you must know how to plan, administer, conduct and close the procurement process.
A key concern of project managers is project procurement—the process of identifying and acquiring the necessary goods and services to implement and complete project plans.