Essentials of Managing Project Procurement provides a general understanding of the procurement and contracting processes. The classroom course is designed for those involved in project teams responsible for preparing a Request for Proposal (RFP) for the buying organization, or responding to a RFP as a prospective supplier.
The class will examine the entire procurement process, from the RFP through vendor selection and contract negotiation. Course content addresses various types of contracts and their appropriate uses, negotiation techniques and elements of a Request for Proposal (RFP). Participants use tools and techniques learned in class to conduct a "negotiation for resources" with a partner. A procurement case study is threaded throughout the two-day program.
What you will learn:
- Proposal terminology and elements
- The role of purchasing and various purchasing functions
- The most appropriate contract to use for various projects
- How to ascertain risks in a contract, from buyer and seller perspectives
- Elements to consider in creating or responding to a RFP
- The bid package preparation and the vendor evaluation process
- Why it is essential to prepare a balanced proposal
- Techniques on how to manage vendors or subcontractors
- How to develop a negotiating strategy and execute it using successful negotiation techniques
Tuesday and Wednesday, 9 a.m. – 4:30 p.m.
12 hours/1.2 CEU's
Definition of CEU's.