Introduction:

Procurement and contracting are fundamental functions in the delivery of successful projects. In dynamic and resource-sensitive environments, managing these elements effectively ensures organizational alignment and operational efficiency. As projects become more complex and globally distributed, procurement decisions must be strategically structured and contract management must be precise. This program focuses on professional practices in procurement and contracting from a project-oriented perspective. It emphasizes alignment with organizational frameworks while maintaining compliance and control. .

Program Objectives:

By the end of this program, participants will be able to:

Apply project management principles to procurement and contract-related activities.
Plan and execute project procurement strategies aligned with scope, time, and cost goals.
Evaluate supplier proposals and manage vendor relationships throughout the project lifecycle.
Interpret contract types, structures, and clauses relevant to project environments.
Mitigate procurement and contractual risks through effective oversight and governance.
Improve collaboration among internal and external stakeholders to support project success.

Target Audience:

Project Managers.
Procurement Officers.
Contracting Specialists.
Project Engineers.
Sourcing Managers.
Operations Managers.

Program Outline:

Unit 1:

Procurement in the Project Lifecycle:

Overview of project management processes and knowledge areas.
The role of procurement in different project phases.
Integrating procurement plans with project scope and scheduling.
Stakeholder roles and communication in procurement decisions.
Alignment of procurement with project deliverables and performance goals.

Unit 2:

Procurement Planning and Strategy:

Developing procurement management plans.
Make-or-buy analysis and sourcing decisions.
Supplier prequalification and market analysis.
Defining procurement scope, specifications, and selection criteria.
Budgeting and aligning procurement with project cost management.

Unit 3:

Contracting Principles and Contract Types:

Overview of common contract types (fixed-price, cost-reimbursable, time & material).
Drafting and interpreting contract terms, obligations, and conditions.
Legal and commercial considerations in contracting.
Managing contract lifecycles and change orders.
Contractual roles of project managers vs. procurement officers.

Unit 4:

Supplier Selection and Performance Management:

Proposal solicitation methods and evaluation techniques.
Conducting vendor negotiations and contract award procedures.
Supplier relationship management (SRM) and communication.
Procurement KPIs and contract performance monitoring.
Addressing disputes, claims, and non-performance.

Unit 5:

Risk Management and Procurement Governance:

Identifying procurement and contract risks in projects.
Risk response strategies and contractual protections.
Compliance with organizational policies and regulatory frameworks.
Auditing procurement processes for transparency and control.
Enhancing collaboration across functions for project procurement success.

project management professional in procurement and contracting