Procurement Management 101 - A Comprehensive Primer

At some point on a large project, you need someone else to provide the goods or services that will supplement your team’s capabilities and resources. How do you ensure you get what you need, and you get good value? The answer is Procurement Management.

Recommended Videos
Carefully curated video recommendations for you:
🎬 Competitive Procurement: How to Run a Tender Process
🎬 Should a Project Manager Get Involved in Contract Negotiations?
🎬 A Fixed Price Contract for Your Project: Pros and Cons

🎒 A while back, I asked Project Managers in a couple of forums what material things you need to have, to do your job as a Project Manager. They responded magnificently. I compiled their answers into a Kit list.
Note that the links are affiliated.

⏱ Chapter Markers...
00:00 - Procurement Management
00:26 - What is Project Procurement?
01:23 - Procurement contract types
01:58 - Fixed price contract
02:47 - Fixed price contract with incentive/penalty
03:16 - Unit cost contract
03:47 - Target cost contract
04:31 - Cost-plus contract
05:32 - Time and materials (T&M) contract
06:24 - The four Project Procurement Processes
06:41 - Procurement Planning
08:46 - The procuring stage
09:51 - Contract award
10:16 - The contract
11:27 - Monitoring and Controlling
12:48 - Closing
13:46 - Public sector project procurement
14:56 - Good procurement practices

#Procurement #ProjectManagement #ProcurementManagement

[Onlinepmcourses]

Buying stuff for your project sounds easy, but it's not quite the same as doing your weekly grocery shopping! SO, here's my guide to Project Procurement Management.

Thank you for watching. Please support the channel and all the free content I provide. 
- Like, comment, and subscribe to the channel. 
- And to show maximum appreciation, use the $ Thanks button, under the video, to make a small donation with a highlighted comment.

[Tasteful_Living]

I can't stop listening to this, Mike. It is very good video

[urbanlegendsandtrivia]

Hello again. I am on to my fifth and final class starting Monday as I pursue my 15-hour Neuroleadership certificate. Dr. David Rock coined the term Neuroleadership around 2006. This course is titled "Strategic Human Resource Management Practices" and is a bit different from my other four management courses. I have to pick a big project to include my outline, annotated bibliography, research paper, and final PowerPoint presentation. My main concern is choosing a topic with sufficient material so I can find enough articles in the online school library. I was thinking of maybe picking General Electric for my subject matter, but I haven't decided yet. Do you have any thoughts or recommendations on what might be an interesting subject for this project? Thank you.

[MissEugeniaS]

Which course contains this elaborative type of videos?