PME6: Procurement and Contract Management

Discover how to align project procurement processes and identify elements in a contract document to allow for contract risk management. What you’ll learn: define and align the project procurement processes with the project life cycle; articulate key terms used in the procurement process and define what they mean; outline the importance of the relationship between buyer and seller; create basic procurement documents including a statement of work specifications, selection methods, evaluation criteria, and pricing structures; interpret bids and response proposals from vendors or contractors; identify the elements in a contract document to allow for contract risk management; address contract administration and post-contract administration issues.