PMP® 11: Project Procurement Management

Price of course: $79.00
Estimated length: 3.5 hours
Access Time: 90 days
Total PMI PDUs/Contact Hours: 3.5
  • Leadership: 1
  • Technical: 2.5
IACET CEUs: 0.5

Course Description

This course was designed as a supplemental study guide for the major content areas of Chapter 12 of A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Sixth Edition. In this course, you'll learn how to create a cohesive procurement management approach to guide all details of project procurement. You'll select the appropriate contract or agreement type for each procurement transaction and work with selected sellers to guarantee results. You'll also monitor and control all activities and actions for products, services, and results acquired from outside of the project team.

This course aligns with the PMBOK® Guide Sixth Edition. (The PMBOK® Guide is not included in the cost of this course and must be purchased separately.)

Taking advantage of online interactivity, the course contains a vocabulary game, flashcards, and other activities to help you master the material.


Learning Outcomes

  • Define procurement within the context of a project
  • Describe the elements of a procurement management plan
  • Explain the various roles and responsibilities of buyers and sellers
  • Compare contract types and analyze make-or-buy decisions
  • Discuss the techniques that contribute to effective project procurement documents
  • Identify common criteria for selecting sellers
  • Describe the activities involved in controlling procurements and ensuring that sellers are on track to complete deliverables that conform to project requirements
  • Explain the importance of negotiating for a suitable contract and ensuring that any changes to the procurement requirements are well-documented
  • Describe the circumstances under which project procurements can be closed

Key Features

  • Expert-supported
  • Mobile-friendly
  • Accessible
  • Badge and credit-awarding
  • Games & Flashcards
  • Video content
  • Real-world case studies
  • Audio-enabled in app

Refund Policy

You may request a refund up to 5 days from the purchase date. The registration fee will only be refunded if less than 10% of the course has been completed. Completion percentage can be viewed on the Course Progress page from within the course.


Notes

Estimated time to complete: 3.5 hours

Learners should have some experience in project management and will need to have access to the Project Management Institute®'s A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Sixth Edition.

This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.

Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEU credit. Learners will have three attempts at all graded assessments.

Project Management Institute, PMI, the Registered Education Provider logo, Project Management Professional, PMP, PgMP, PfMP, Project Management Body of Knowledge, PMBOK, PMI Agile Certified Practitioner, PMI-ACP, PMI Risk Management Professional, PMI-RMP, PMI-SP, PMI-PBA, the PMI Talent Triangle, and the PMI Talent Triangle logo are marks of the Project Management Institute, Inc.

Information in this course has been taken from A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) — Sixth Edition, Project Management Institute Inc., 2017.

The following list outlines the PDUs you will earn for completing this course, based on the certification you have.

  • PMP®/PgMP®
    • Technical: 2.5
    • Leadership: 1
    • Strategic/Business: 0
    • TOTAL: 3.5
  • PMI-RMP®
    • Technical: 0
    • Leadership: 1
    • Strategic/Business: 0
    • TOTAL: 1
  • PMI-SP®
    • Technical: 0
    • Leadership: 1
    • Strategic/Business: 0
    • TOTAL: 1
  • PMI-ACP®
    • Technical: 0
    • Leadership: 1
    • Strategic/Business: 0
    • TOTAL: 1
  • PfMP®
    • Technical: 0
    • Leadership: 1
    • Strategic/Business: 0
    • TOTAL: 1
  • PMI-PBA®
    • Technical: 0
    • Leadership: 1
    • Strategic/Business: 0
    • TOTAL: 1