Project Procurement & Contract Management - 2 days

Today's Project Managers must be knowledgeable in all phases of the project life cycle, including the early phase of the acquisition. During this phase, many things must be considered, including contractual issues between the buyer and seller or the seller and subcontractor or between the developer and client or consultant. Contracting and Procurement for Project Managers is designed to increase Project Managers' knowledge of contracting for resources services and goods. The course covers contracting basics, including contract formation, make-or-buy decisions, the acquisition process, functions of contract administration, negotiations, and contract closeout.

What You Will Achieve

• A detailed understanding of the Government & Commercial contracting and procurement process.

• Roles and responsibilities of the key players in the contracting process.

• Types of contracts and various acquisition methods.

• An understanding of the phases of the contract and/or acquisition.

• An overview of the contract and its administration.

• Knowledge of contracts as it applies to the project manager.

• The impact of effective interaction between contract administration and the accomplishment of the project goals and objectives.

• An understanding of the risks associated with different types of contracts and strategies.

• Realize how to effectively select vendors and evaluate their offers.

• Appreciate the need for the contract cycle including initiation, change implementation, schedule progress and closure.(return to top)