Procurement Planning (PMI - PMP)

Project Management Professional Certification Program (PMI-PMP)

What you'll learn
Label individuals in a scenario as either buyer or sellers
Determine whether a given contract term will reduce the risk for the buyer or for the seller
Recognize the inputs to the Plan Procurement Management process
Identify types of fixed-price contracts
Classify agreements as either cost-reimbursable or time-and-materials contracts
Identify the tools and techniques used to plan procurement management
Recognize activities in a make-or-buy analysis
Perform a make-or-buy analysis and determine the breakeven point
Identify outputs of the Plan Procurement Management process
Recognize examples of documents used in solicitation and procurement activities with prospective vendors
Demonstrate your understanding of the Plan Procurement Management process

Requirements
No special requirements or prerequisites are needed to take this course, but some extra reading about projects, project management, project life cycle, organizational project management, project scope, project schedule, project costs, project quality, project human resources and project communications will help.
Part of the Project Management Professional Certification Course (PMI-PMP)

Description
The Procurement Planning (PMI - PMP) is course 25 of 28 of the Project Management Professional Certification Program (PMI-PMP).
Procurement management may not be the most flashy of all the project management knowledge areas, but it's still pretty important. Procurement is all about obtaining the goods and services that you'll need for your project.
From purchasing raw materials, to contracting out specialties services you need to make sure the goods you buy are good quality. That they arrive when you need them.
And that you maintain good relationships with your suppliers. In this course, we're going to look at the plan procurement management process.
1. Buyers and Sellers in Procurement Management 2. Introduction to Contracts3. Inputs to Plan Procurement Management4. Fixed-price Contracts5. Cost-reimbursable and Time-and-materials Contracts6. Tools and Techniques of Plan Procurement Management 7. Make-or-buy Analysis8. Performing a Make-or-buy Analysis9. Outputs of Plan Procurement Management10. Bid and Procurement Documents11. Exercise: Planning Procurement Management

Who this course is for:
Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.