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Effective Project Procurement Management

PL16

Introduction

Project Procurement requires the application of both appropriate procurement and project approaches in order to ensure that the services and materials essential to completing a project have been obtained.

This course allows delegates to understand the challenges of balancing project requirements for immediate delivery with longer-term considerations of whole life costing.  

It will explore the key issues involved undertaking project procurement, in managing project procurement teams and understanding some of the legal and contractual challenges involved.  It will also provide delegates with approaches to plan contingencies and take corrective action when things to not go to plan.

Who should attend

This engaging course is designed for PMs, Ddirectors and Managers with project management responsibility, and those dealing with project procurement.  The course will also be of great value to managers who will interact with procurement professionals.

COURSE PROFILE

Key issues in Project Procurement

  • Segmenting your procurement requirements
  • Setting realistic deadlines using Critical Path Analysis
  • Using whole life costing to aid decision making
  • Price formation – fixed/firm prices, cost plus prices and incentives
  • CapEx and OpEx priorities

Project Procurement teams

  • Multi-functional project sourcing teams
  • Project procurement team roles
  • Communicating with stakeholders
  • Conditioning suppliers to meet requirements of the project

Project sourcing processes

  • Identifying appropriate contractual and sourcing strategies
  • Spend analysis and methods of decreasing procurement costs
  • Partnerships, alliances and all other client relationships
  • Adopting different tendering approaches
  • Effective negotiations strategies

Legal and contractual issues

  • Preparing and understanding contracts
  • Performance bonds and warrantees
  • How contracts end (including termination)
  • Penalties, indemnities and damages 
  • Verbal contracts
  • Ensuring ethical behaviour

Contingency planning

  • Taking corrective actions
  • Securing the quality and timely delivery of goods by expediting
  • Contract variations and amendments
  • Managing suppliers in urgent situations
SKILLS

At the end of this course, delegates will be able to:

  • Recognise and manage the differences between CapEx and OpEx
  • Design strategies for value for money for both project and Whole Life Cost
  • Use interpersonal skills to manage multi-functional teams
  • Select and apply the appropriate sourcing processes
  • Identify and manage risks
  • Manage the key contractual risks including variations and amendments
  • Identify and share best practices
BOOKING

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