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Project Procurement and Closure
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Procurement Management
Home PDU for the PMP® / Technical

Project Procurement and Closure

USD 20.00
instructor
Instructor
Alan Fata
Category
Technical
Difficulty
Easy
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Course Highlight Curriculum Course Content Take The Test
Learning Objectives:
  1. Identify the factors that are considered when deciding whether to buy goods from within the orga-nization or to obtain them from outsiders.
  2. Identify what factors are considered when deciding to outsource or perform the work within the organization.
  3. Describe the role of suppliers.
  4. Describe the role of vendors.
  5. Describe the role of partners.
  6. Identify factors that determine which type of contract to select.
  7. Describe the types of fixed cost contracts.
  8. Describe the types of cost reimbursable contracts.
  9. Describe the components of the procurement plan.
  10. Identify the decisions made when selecting the type of contract.
  11. Describe how bidders are qualified, solicited, and chosen.
  12. Identify the methods used to manage the contracts.
  13. Describe the procedures for closing out contracts.
  14. Describe the elements and purpose of the postproject review process.
  15. Identify the types of documents that should be archived.
  16. Identify the objectives of the project closeout celebration.

Other course details:
  1. This is an introductory course that does not require any prerequisite.
  2. This course can be taken on a standalone basis.
  3. This course is chapter 12 in the book titled "Project Management from Simple to Complex".
  4. It provides 4 PDU (Technical skill) towards your PMP professional development education.
Course Features
Credits:
4 PDU
Skill section:
Technical
Access:
Lifetime
Test questions:
20
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