Episode 39: PMP Exam Prep Power Hour – Managing Procurement for Projects

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In Episode 39 of our PMP Exam Prep Power Hour, we dive deep into the critical aspects of managing project procurement. Unlike other topics where we often act as the seller delivering to clients, this session shifts focus to the role of the buyer, guiding project managers on how to effectively secure external resources to achieve project objectives. This episode is aligned with the PMP Exam Content Outline Task 11: Plan and Manage Procurement, providing you with essential insights for your exam preparation.

🔍 Key Topics Covered:

📌 Understanding the Overall Procurement Process
📄 Essentials of Procurement Contracts
📑 Different Types of Contracts
👥 Roles and Responsibilities of the Project Manager in Procurement
💡 Interactive Q&A Session 🌟
Engage with project management experts and fellow PMP aspirants during our dynamic Q&A segment. Bring your questions on procurement, PMP exam strategies, Agile methodologies, or any project management challenges you encounter, and receive personalized advice and insights.

🎯 Who Should Attend:
This episode is perfect for project managers, business analysts, PMP aspirants, and anyone involved in project planning and execution who aims to deepen their understanding of project procurement.

Join us to elevate your project management skills and prepare for the PMP exam with confidence!

#PMPExam #PMPCertification #PMPiZenBridge

00:00 Introduction
03:10 Procurement in Project Management
06:16 Role of the Project Manager in Procurement
08:16 Brief on Contract Types
11:00 Adaptive Life Cycle and Procurement
12:46 Agile for Outsourced Work
13:46 Procurement Negotiations
15:37 Contract Change Control
17:54 Managing Contracts
19:30 Procurement Flow and Contract Type
26:17 Procurement Limited to Physical Assets
28:24 How manage change in Price
31:00 How many questions we cane expect from Procurement ?
33:24 Should I do PMP after 20 years of work experience ?
35:38 I am agile coach, should i do PMP?
37:47 What Agile certification we do for coaches
39:12 PMI-ACP after PMP
40:59 How PMP helps
44:45 Closing