Course Description:
PROJMGT 7050 Project Procurement Management
| Course Number: | PROJMGT 7050 |
| Course Name: | Project Procurement Management |
| Course Description: | Typically the more complex and challenging the project, the more work will be sent outside of the organization for performance. Project Procurement Management is one of the nine project management knowledge areas in the PMBOK®. This course covers issues surrounding procurement and solicitation planning, outsourcing and partnering, solicitation development, contract administration, and contract closeout from the vantage points of both the buyer and the seller. |
| Prerequisites: | PROJMGT 7010 and PROJMGT 7020 |
| Level: | Graduate |
| Credits: | 3 |
| Format: | Online |
| Semesters Offered: |
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| Registration Instructions |
Additional Information
Learning Outcomes
Upon successful completion of this course, you should be able to do the following:
- Understand and apply the procurement process for projects.
- Prepare a procurement management plan.
- Develop the documents and outputs of the procurement process.
- Recognize and apply success factors for a successful contract negotiation.
- Understand how to effectively select sellers.
- Manage seller performance.
- Plan and execute the tasks necessary to close out a contract.
Unit Descriptions
Unit 1
At the end of this unit you should be able to explain the importance of project procurement management and the roles of the buyer and seller.
Major Topics: Introduction to Project Procurement Management; Different Types of Procurement Projects; Importance of Outsourcing; Project Manager Roles
Unit 2
At the end of this unit you should be able to prepare a procurement management plan and statement of work and recognize the types of contracts to use in various situations.
Major Topics: Procurement Management Plan; Make-or-Buy Analysis; Contract Type Selection; Statement of Work
Unit 3
At the end of this unit you should be able to describe the different types of procurement documents and establish evaluation criteria to rate or score proposals.
Major Topics: Overview of Plan Procurements; Procurement Documents; Evaluation Criteria
Unit 4
At the end of this unit you should be able to prepare a proposal in response to a Request for Proposal.
Major Topics: Request Seller Responses; Bidder's Conferences and Advertising; Preparing Proposals
Unit 5
At the end of this unit you should be able to explain the select seller process in detail, including proposal evaluation, contract negotiation, and contract award.
Major Topics: Select Seller Process; Proposal Evaluation; Contract Negotiation; Contract Award
Unit 6
At the end of this unit you should be able to recognize the importance of contract administration to ensure that the seller's performance meets contractual requirements.
Major Topics: Contract Administration Process; Contract Change Control System; Partnering; Performance Metrics
Unit 7
At the end of this unit you should be able to recognize what must be done to ensure a successful contract closeout.
Major Topics: Contract Closure Process; Contract Documentation; Procurement Audit; Formal Acceptance
Unit 8
Major Topics: Identify the intent of a small & disadvantaged business enterprise plan process; List categories of potential participants in the process; Understand the goal setting and reporting processes
At the end of this unit you should be familiar with the Fourth Edition PMBOK model and be able to identify contrasts with the Third Edition. The changes from the Third Edition to the Fourth Edition include compression of the process areas from six to four, inclusive of:
- Plan Procurements
- Conduct Procurements
- Administer Procurements
- Close Procurements
The value of this unit is to understand the process change and how it may affect project management within your current organization or organizations that you may manage.
Number of Exams
There are no exams for this course.
Number of Assignments
There are 4 individual assignments and 6 group discussions for this course.
Number of Projects
There are 5 group projects for this course.
Grading Information
Formative Assessment: Criteria for Individual Assignments, Group Discussions, and Projects
For each assignment a maximum score of 100 points can be achieved. Assignments are graded as follows:
- Comprehensiveness (30 points)
- Technical Accuracy (30 points)
- Organization and Clarity (20 points)
- Readability and Mechanics (20 points)
Summative Assessment of Each Class Participant
Final grades are calculated as a weighted average of:
Individual assignments: 40%
Group projects: 30%
Group discussions: 30%
Scores for individual assignments, group projects, and discussions will be determined by the instructor on the basis of submitted assignments and online discussions. For the final score, a weighted average of:
A = 90-100%
B = 80-89%
C = 70-79%