Research and Markets: Project Procurement Management (PMBOK Guide – Fourth Edition-aligned) – Learners Will Gain an Understanding of What Processes Are Involved

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/e8ff85/project_procuremen) has announced the addition of the "Project Procurement Management (PMBOK Guide - Fourth Edition-aligned)" training to their offering.

The Project Procurement Management (PMBOK Guide - Fourth Edition-aligned) training bundle consists of the following two courses:

(1) Planning Project Procurement

(2) Managing Procurements

Each course is broken down further into a series of lessons as follows:

(1) Planning Project Procurement

Overview/Description

Projects routinely require materials, consultants, training, products, and equipment along with many other types of goods and services. Project procurement is the process of purchasing products and services necessary to fulfill the objectives of a project. Procurements must be carefully planned and administered to ensure they do not cause a project to go over budget or fall behind schedule. In this course, learners will gain an understanding of what processes are involved in planning project procurement and how these processes interact with the overall project life cycle. Common tools and techniques for planning project procurement will be covered, including make-or-buy analysis. Learners will be introduced to the process of developing a procurement management plan and determining which procurement contract best suits the projects needs, which are both vital to ensuring a project manager is able to procure the products or services for project success. This course is aligned with A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Fourth Edition, published by the Project Management Institute (PMI), Inc., 2008. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI.

Target Audience Existing project managers wishing to get certified in recognition of their skills and experience, or others who wish to train to become accredited project managers

Expected Duration (hours) 2.0

Lesson Objectives

Planning Project Procurement

determine whether a given contract term will reduce the risk for the buyer or for the seller
label individuals in a scenario as either buyer or sellers
match the Project Procurement Management processes with their associated project management process groups
match each procurement planning inputs to the description of how it is used in the procurement planning process
determine the best course of action between making, buying, or leasing a product given cost data
classify agreements as either fixed price, cost-reimbursable, or time-and-materials contracts
match each output of the Plan Procurements process with the type of information it should contain

(2) Managing Procurements

Overview/Description Managing the procurement process can sometimes seem like a project all in itself as it generally involves a number of detailed and time consuming steps from obtaining seller responses, selecting a seller, awarding a contract, to managing the procurement relationship. This is the second course in the Project Procurement Management knowledge area and covers three process Conduct Procurements, Administer Procurements, and Close Procurements. Specifically, learners will be introduced to proposal evaluation techniques, procurement negotiations, and handling claims and disputes. The course will also cover administrative areas such as the components of a procurement documents and a contract file. Finally, tools and techniques for closing procurements will be introduced including records management and negotiated settlements. This course is aligned with A Guide to the Project Management Body of Knowledge (PMBOK Guide) Fourth Edition, published by the Project Management Institute (PMI), Inc., 2008. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI.

Target Audience Existing project managers wishing to get certified in recognition of their skills and experience, or others who wish to train to become accredited project managers.

Expected Duration (hours) 2.0

Lesson Objectives

Managing Procurements

match inputs to conducting procurements with descriptions of how they are used
match techniques for developing a pool of prospective sellers with situations when each should be used
match examples of procurement techniques with the stage of procurement in which they are used
recognize examples of the outputs of the Conduct Procurements process
match the inputs to the Administer Procurements process with the information they provide
recognize examples of techniques for administering on-going project procurements
recognize examples of techniques for administering project procurements when there are changes or disputes
match the outputs of the Administer Procurements process with examples
recognize examples of information a project manager needs in order to close procurements
determine the appropriate procurement closure technique to use in a given situation
identify the types of documents that result from closing procurements

Reviews:

E-learning course feedback:

e-learning has dramatically increased the scope, range and availability of training & development to all Equant employees. No other solution could possibly have achieved this in such a short timescale, particularly given the geographical dispersement of our workforce and the commercial realities of our business. Peter Mansell, Head of Training Centre of Excellence, Equant

Where e-learning is concerned, I used to be a complete agnostic. But, twelve months on, Im totally converted. Now that we have experienced such measurable benefits, I would have no hesitation in giving e-learning a 100% recommendation to any organisation. John Guthrie, Head of International Management Development, Hilton International

'Based on our experience to date there is no doubt that e-learning will have an increasingly vital role to play as the company continues to evolve to meet the changing needs of its customers. Karl Gunner, Aspire Support Consultant, Intelligent Finance

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