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In this course, you will learn how to manage all aspects of project procurement effectively.

  • Course Start Date: 2022-01-10
  • Time: 12:00:00 - 18:00:00
  • Duration: 4 days 12:00 PM - 06:00 PM
  • Location: Virtual
  • Delivery Method(s): Virtual Instructor Led
$2,095.00
REGULAR PRICE $2,095.00 Save $0.00
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Course Outline

Pre-Requisites

Project Management Fundamentals IT Project Management Course

Lessons

COURSE OVERVIEW

In this course, you will learn how to manage all aspects of project procurement effectively. You will discover the logic behind contracting principles and practices, and you'll learn the terms, techniques, and tools of converting project needs into outsourced goods and services. You will learn to ensure successful procurements by gaining an understanding of the roles, responsibilities, and expectations of the internal and external stakeholders involved in the procurement chain.

In this skills-building course, you will spend 70% of class time working on contracting activities, from requirements documentation through to contract closure. Exercises include the development of a procurement strategy, contract selection, revising and updating SOWs, risk management, negotiating claims settlement, and collection of lessons learned.

Students pursuing a university-recognized and/or accredited certificate in Canada or continuing education units in the US must attend at least 90% of class time, participate in class exercises and section-knowledge checks, and score at least 70% on an end-of-class, multiple-choice assessment.

WHAT YOU'LL LEARN

  • Steps and stages of contract management from needs analysis to closure
  • Terms and terminology of contracting and procurement
  • Legal requirements of contracts and their implications
  • Ingredients for contracting success
  • Stakeholder mapping and expectations analysis
  • Converting project objectives to contract requirements
  • Applications and weaknesses of contract types
  • Risk transfer through contracting terms and conditions
  • Impact of subcontractors
  • Procurement planning from needs analysis through to creation of bid packages
  • Importance of the SOW
  • Procurement process including bid packages, source selection, and awarded contracts
  • Contracting paper trail and the time requirements for the steps involved
  • Negotiation principles
  • Administering contracts: Taking awarded contracts through to completed work
  • Communication feedback loop
  • Performance monitoring
  • Contract change control principles
  • Claims administration
  • Contract closure from completed work to creation of a contract archive
  • Early termination clauses
  • Lessons learned best practices
  • Contracting problems and their solutions

OUTLINE

Classroom Live Outline

1. Introduction to Procurement Management

  • Contract schedule network diagram
  • Terminology - procurement and contracting
  • Contract definition - practical and legal
  • Purpose of contracts
  • Risk transfer through contracting
  • Definition of contracting success
  • Stakeholder mapping
  • Stakeholder expectations
  • Communications chain

2. Needs Analysis

  • Objectives to requirements documents
  • Requirements documents to SOW
  • Contract types
  • Contract management mistakes
  • Role of legal department

3. Plan Procurements

  • Planning documents

  • Requirement documents
  • Procurement management plan
  • SOW
  • Bid packages
  • Tender documents
  • Source selection criteria

4. Conduct Procurements

  • Stakeholder mapping
  • Vendor participation
  • Advertising and bidder conferences
  • Proposal evaluation techniques
  • Paper trail and due diligence
  • Principled negotiations vs. positional negotiations
  • Objectives of negotiations processes

5. Administer Procurements

  • Stakeholder mapping
  • Procurement team
  • Vendor relationship management
  • Monitoring performance
  • Contract change controls
  • Contract amendment
  • Performance reviews
  • Payment systems
  • Claims administration

6. Close Procurements

  • Stakeholder mapping
  • Early termination
  • Lessons learned
  • Procurement audits
  • Negotiated settlements
  • Contracting problems and their solutions
  • Ingredients for contracting success

Hands-On Exercises

  • Contracting schedule network diagram: Estimating procurement durations and total elapsed time
  • Strategic analysis of procurement strategy using SWOT technique
  • Evaluating bid proposals: Source selection and ranking of bids
  • Development of SOW documents: Source selection criteria and weighting system, performance and quality standards, and negotiating priorities
  • Integration of contract type, terms, and conditions into project schedule and risk management plans
  • Role playing: Negotiations between buyer and vendor over contract terms
  • Contract closure and collection of lessons learned

WHO SHOULD ATTEND

Anyone involved in contracting of any kind. Whether you are a team member, project manager, or executive, this course will put the mechanics of procurement into perspective.

PDUS

This course qualifies you for the following PMI® Professional Development Units (PDUs):

  • Leadership = 7
  • Strategic and Business Management = 7
  • Technical Project Management = 7

Total = 21

 

Cancellation Policy

We require 16 calendar days notice to reschedule or cancel any registration. Failure to provide the required notification will result in 100% charge of the course. If a student does not attend a scheduled course without prior notification it will result in full forfeiture of the funds and no reschedule will be allowed. Within the required notification period, only student substitutions will be permitted. Reschedules are permitted at anytime with 16 or more calendar days notice. Enrollments must be rescheduled within six months of the cancel date or funds on account will be forfeited.

Training Location

Online Classroom
your office

your city, your province
your country   

About Global Knowledge

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Global Knowledge is the world's leading learning services and professional development solutions provider. We deliver learning solutions to support customers as they adapt to key business transformations and technological advancements that drive the way that organizations around the world differentiate themselves and thrive. Our learning programs, whether designed for a global organization or an individual professional, help businesses close skills gaps and foster an environment of continuous talent development.

Training Provider Rating

This vendor has an overall average rating of 4.38 out of 5 based on 431 reviews.

I would never take another course that starts at 11AM and goes to 9PM again. The way the course was laid out really took away from ... Read more
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I would never take another course that starts at 11AM and goes to 9PM again. The way the course was laid out really took away from the capturing of what was presented as it was 5-6 hours of watching a screen before getting to the actual labs. There has to be a better way to lay out this particular course. In my previous course, the lectures were broken up by labs which worked out fantastic and kept you engaged in the course. There were days when in order to actually complete the labs, would go over the 9PM day end time frame. Was able to get the primary labs done, but if you want to get all the content completed, you cannot complete it in the window of this course, you will need to come back on your own time.

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Instructor was great
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Wasn’t as advanced as I thought it would be. There was an issue when the day my course was the first time they used a new platfo ... Read more
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Wasn’t as advanced as I thought it would be. There was an issue when the day my course was the first time they used a new platform.. from adobe to something called zoom; I had to call support line cause it stated our instructor wasn’t present. Thankfully I called cause everyone online was in the adobe virtual classroom waiting for what looked like a teacher who didn’t show up for class (IT didn’t get anything resolved until 10mins after start time). I felt like he was really getting hung up on very basic knowledge for the first half of the course (talking about how to create tabs and drag formulas as an example). I completed files a few times before he was done explaining. There was a scheduled fire drill for them (roughly 30mins)that also cut into our time, which wasn’t deducted from the hour lunch break or the two, fifteen min breaks. I also really wish he touched base more on the automating workbook functions portion which we barely did. I'm happy there were/are those study guides (learning videos) and exams to take on my own time that I hope after I've had the class are still available for me to learn from.

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