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Procurement, Contract and Cost Management delivers practical, hands-on training in the development and management of project procurement and budgeting. Attendees are shown how to develop a procurement plan; engage in procurement activities; use Work Breakdown Structure, Risk Analysis and other techniques to drive budget accuracy; employ Earned Value Management as the tool of choice for accurate forecasting; and control project cost through effective Change Control. Through lecture, discussion, exercises and other means attendees construct an effective process that they can use to define procurements, select a good vendor, mange vendors, and create and manage reproducibly accurate budgets.
This course assumes some experience with project work, but no specific prior training is required.
2 Days/Lecture & Lab
This course will be of immediate value to Business Owners, Project Managers, Portfolio Managers, Budget Analysts, Project Estimators, Functional Managers, PMO/COE Directors, Product Development Director, Senior Managers, Acquisition/Procurement Officials, and Business Managers with project responsibility.
Why we do projects - Business Value::How the project charter sets the stage for effective procurement and budgeting::Procurement planning::Project solicitation RFP, vendor selection, contract negotiation::Managing contracts and vendors::Using the Work Breakdown Structure (WBS) to develop an accurate budget::Using Risk Management to reduce project cost::Creating a detailed project budget::Monitoring project cost and progress::Reporting and Forecasting with Earned Value::Project change control