Course details

Procurement Planning (PMBOK® Guide Sixth Edition)

Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number
Expertise Level

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Overview/Description
Procurement is about obtaining the goods and services that you'll need for your project. Managing projects includes planning the procurement process. The CAPM® is an asset that will enhance your credibility and effectiveness in this area, as CAPM training guides you in project planning. This course covers the Plan Procurement Management project management process. This course will assist learners in preparing for the PMI® PMP® certification exam.

Target Audience
Existing project managers pursuing certification in recognition of their skills and experience; individuals training to become accredited project managers

Prerequisites
None

Expected Duration (hours)
1.2

Lesson Objectives

Procurement Planning (PMBOK® Guide Sixth Edition)

label individuals in a scenario as either buyer or sellers

determine whether a given contract term will reduce the risk for the buyer or for the seller

recognize the inputs to the Plan Procurement Management process

identify types of fixed-price contracts

classify agreements as either cost-reimbursable or time-and-materials contracts

identify the tools and techniques used to plan procurement management

recognize activities in a make-or-buy analysis

perform a make-or-buy analysis and determine the breakeven point

identify outputs of the Plan Procurement Management process

recognize examples of documents used in solicitation and procurement activities with prospective vendors

demonstrate your understanding of the Plan Procurement Management process

Course Number:
apj_25_a01_bs_enus

Expertise Level
Intermediate