Description
Course info
Rating
(37)
Level
Intermediate
Updated
Aug 20, 2015
Duration
2h 31m
Description

This is the twelfth course in the PMP® series. Inside, we discuss how procurement activities are managed in the project environment, from making make-or-buy decisions to developing selection criteria and soliciting bids. We then progress to developing contracts and controlling ongoing procurement activities, ending with a look at how procurement activities are formally closed as they are completed.

About the author
About the author

Casey has experience leading projects in many fields, including healthcare, digital media, mobile app development, consumer product design, education, and event management. He's constantly in pursuit of new challenges and loves to share what he learns along the way with others.

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Section Introduction Transcripts
Section Introduction Transcripts

Conducting Project Procurements
Welcome back. In this module we are going to talk about actually conducting project procurements. Now we've a plan in place, it's time to select our source and to move forward with contracting and working with that procurement source to complete the activities they've contracted for. First, we'll look at conducting procurements at a high level and everything that detailed in this process. After that we'll look at finding and selecting procurement sources, and we walk in on that final decision and move forward with contracting. Then we'll look at developing procurement agreements where we actually come to terms with the procurement source allowing work to begin. After that, we'll look at the inputs, tools and techniques and outputs associated with the conduct procurements process as found in the PMP guide. Let's get started.

Controlling Project Procurements
Welcome back. In this module we're going to look at controlling project procurements. First, we'll look at the roles and responsibilities involved in procurement management and controlling it from beginning to end. And then, we'll look at the inputs, tools and techniques and outputs of the control procurements process as found in the PMBOK guide. Let's get started.

Closing Project Procurements
Welcome back, in this brief module, we'll look to close out the procurement knowledge area by discussing how we close out project procurements. First, we'll look at how we close them out, both in terms of when procurements have been successful, and when contracts need to be terminated. Then, we'll look at the inputs, tools and techniques and outputs associated with a closed procurements process, as found in the PMBOK guide. Let's get started.