OLCD-PROJ0060 - Project Procurement & Contract Management

Course Description

This course guides students through procurement practices, the bid process, contract negotiations, and managing contractors and vendors for optimum performance, and provides a taste of contract law. This course will provide the fundamental tools required for project managers. It will also offer insight into the procurement officer or buyer role on a project team.

Course Outline

• Session 1: Introduction, procurement objectives, definitions, the procurement process, plan procurement, conduct procurements, due diligence
   
• Session 2: Contract administration, control procurements, contract closure

What You Will Learn

• How to understand and use the procurement management terminology
• Proven techniques, tools and skills for managing contracting and procurement on projects, as well as how to control the procurement management scope of work
• Best practices when defining the work required to manage a specific contract
• How to create a plan for administering the contract and managing the vendor
• Coordination and monitoring activities of on-site contractors in a professional manner
• Value the importance of knowing the contractual requirements

Recommended For

• Anyone working on projects in any industry who wants to improve their procurement management skills and increase their understanding of their procurement roles and responsibilities on a project
• Project managers, project coordinators, subject matter experts, technical personnel, team members, managers, and key support personnel
• Purchasing professionals who want to make a transition into a project environment
• Those who want to increase their marketability in the project management job market

Applies Towards the Following Certificates

• Post-Graduate Diploma in Professional and Leadership Studies : Elective Program - Project Management
• Certificate in Project Management : Electives