PMP 10 - Project Procurement Management (Fourth Edition)

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), Fourth Edition. In this course, you will consider the various aspects of the Project Procurement Management knowledge area.

NOTE: As of July 1, 2009, the PMP® certification exam will align with the Fourth Edition of the PMBOK® Guide. This course prepares learners who plan to take the updated exam.

After completing this course, you'll be able to:

1. Define procurement within the context of a project
2. Understand the elements of the procurement management plan
3. Explain the various roles and responsibilities of buyers and sellers
4. Understand the various options for project procurement decisions: make-or-buy decisions, decisions about contract types
5. Understand the techniques that contribute to effective project procurement documents
6. Identify common criteria for selecting sellers
7. Understand the activities involved in administering procurements and ensuring that sellers are on track to complete deliverables that conform to project requirements
8. Explain the importance of negotiating for a suitable contract and ensuring that any changes to the procurement requirements are well-documented
9. Understand the circumstances under which project procurements can be closed

This course is self-paced and online. You will have access to this course for 30 days.

Target Audience: This course is designed for adult learners with some project management experience.

Level: Intermediate

Prerequisites: 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, Fourth Edition (PMBOK Guide).

Estimated time to complete: 3.5 hours of online course work

Cost: $79.00

Duration: 30 days