Management

Project Procurement and Contracting Management

Procurement and contracting have a strong presence in project management - few projects are self-contained and require no contracting requirements. Detailed knowledge of contractual obligations is needed to make sound, meaningful decisions. Learn about the basic elements of contract and subcontract formation and subsequent project management activities as they relate to contract administration and subcontract management. Gain knowledge of contract types and their influence on projects, preparation of specifications, bidding, negotiating contracts, addressing the risks that are involved with procurement and contracting, and the complexities of contract administration as they relate to the goal of project completion.

    Topics Include:
  • Elements of contract formation
  • Contract administration
  • Types of contracts
  • Preparation of specifications
  • Bidding and negotiating contracts
  • Procurement and contracting risks
  • Contract administration complexities
  • Project completion
  • Understanding management aspects of both subcontractors and vendors

PMBOK® Knowledge Areas: Risk, Procurement, and Integration

Available Sessions