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Casey Ayers

Project teams often partner with others in order to accomplish their objectives. This course explores the “make-or-buy” decision and how to manage relationships with procurement sources.

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Project teams often partner with others in order to accomplish their objectives. This course explores the “make-or-buy” decision and how to manage relationships with procurement sources.

In accomplishing project objectives, teams often encounter challenges outside their area of expertise and situations that may cloud their focus. In such cases, working with procurement sources can be an effective and efficient way for teams to achieve their goals. In this course, Procurement Management in Project Environments, you’ll learn how to effectively manage procurement efforts in project environments. First, you’ll learn about make-or-buy decision making and the kind of procurement contracts that might make the most sense for any given situation. Next, you’ll discover how to evaluate potential procurement relationships. Finally, you’ll explore how to manage procurement relationships effectively in any project environment. By the end of this course, you’ll have the skills of procurement management needed to work with external partners and bring your project goals to fruition.

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What's inside

Syllabus

Course Overview
The Role of Procurement in Project Environments
Evaluating Procurement Proposals
Managing Procurement Relationships
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Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Provides an overview of procurement management in project environments, which is essential for project teams to achieve their objectives
Explains the make-or-buy decision-making process, enabling teams to determine whether to procure goods or services externally or produce them internally
Focuses on evaluating and managing procurement relationships effectively, ensuring that teams can collaborate successfully with external providers
Provides guidance on identifying and evaluating appropriate procurement contracts for different project scenarios
Led by an experienced instructor, Casey Ayers, who brings valuable knowledge and practical insights to the course

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Procurement Management in Project Environments with these activities:
Review the basics of contracts and procurement
Reviewing contracts and procurement basics will give you a strong foundation for success in this course.
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Show steps
  • Review your notes from previous courses on contracts and procurement.
  • Read articles and blog posts about contracts and procurement.
  • Complete a practice quiz on contracts and procurement.
Follow online tutorials on procurement processes
Explore online tutorials to gain a foundational understanding of procurement processes and best practices.
Browse courses on Procurement Processes
Show steps
  • Search for online tutorials on procurement processes.
  • Select a few tutorials that cover the basics of procurement.
  • Follow the tutorials and take notes on key concepts.
Practice using statistical software
Familiarize yourself with statistical software like SPSS or R, which will be used throughout the course.
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Show steps
  • Download and install the statistical software.
  • Complete the tutorials on the software's website.
  • Analyze a small dataset using the software.
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Review Negotiation Techniques
Refresh your negotiation skills to enhance your ability to manage procurement relationships.
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  • Identify different negotiation strategies
  • Practice negotiation techniques through role-playing
Review basic statistics concepts
Review basic statistics concepts like mean, median, mode, and standard deviation to prepare for the course.
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Show steps
  • Read the textbook chapter on basic statistics.
  • Complete the practice problems at the end of the chapter.
  • Take a practice quiz on basic statistics.
Watch tutorials on make-or-buy decision making
Watching tutorials on make-or-buy decision making will help you master this important concept.
Show steps
  • Search for tutorials on make-or-buy decision making.
  • Watch the tutorials and take notes.
  • Complete the exercises and quizzes in the tutorials.
Practice Make-or-Buy Decision-Making
Reinforce your understanding of the make-or-buy decision process through repetitive exercises.
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Show steps
  • Identify a potential procurement scenario
  • Determine the relevant costs and benefits of making or buying
  • Evaluate the risks and opportunities associated with each option
  • Make a decision and justify your reasoning
Explore Procurement Contract Types
Gain a deeper understanding of different procurement contract types and their implications.
Show steps
  • Review common procurement contract types
  • Identify the key elements of each contract type
  • Explore the advantages and disadvantages of each type
Form a study group with classmates
Collaborate with peers to discuss course materials, assignments, and concepts, fostering deeper understanding.
Show steps
  • Identify classmates who are willing to participate in a study group.
  • Schedule regular study sessions to meet in person or virtually.
  • Prepare for study sessions by reviewing course materials and preparing questions.
Practice evaluating procurement proposals
Practicing evaluating procurement proposals will help you develop the skills you need to make informed decisions.
Browse courses on Supplier Selection
Show steps
  • Find sample procurement proposals online.
  • Develop a set of criteria for evaluating proposals.
  • Evaluate the proposals using your criteria.
  • Compare your evaluations with those of other students.
Discuss procurement management best practices with peers
Discussing procurement management best practices with peers will help you learn from others and expand your knowledge.
Show steps
  • Join a study group or online discussion forum.
  • Share your experiences and insights on procurement management.
  • Learn from the experiences and insights of others.
Apply Procurement Management Tools
Enhance your proficiency in using procurement management tools to streamline processes.
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  • Identify common procurement management tools
  • Practice using the tools to automate tasks and improve efficiency
Develop a procurement plan for a simulated project
Simulate a real-world procurement scenario by developing a comprehensive plan.
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  • Define the scope of the simulated project and identify the required goods or services.
  • Research and identify potential suppliers.
  • Develop a detailed procurement plan outlining the procurement process, timeline, and budget.
Develop a procurement plan for a real-world project
Developing a procurement plan for a real-world project will give you practical experience and help you apply your knowledge.
Show steps
  • Define the project scope and objectives.
  • Identify the goods or services that need to be procured.
  • Develop a procurement strategy.
  • Create a procurement plan.
  • Implement the procurement plan.
Simulation Exercise: Vendor Selection
Practice evaluating and selecting vendors through a hands-on simulation.
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Show steps
  • Define the procurement requirements
  • Identify potential vendors
  • Develop evaluation criteria
  • Evaluate vendor proposals
  • Make a vendor selection and present your rationale
Write a blog post on a procurement topic
Create a blog post to synthesize your understanding of procurement concepts and share your insights.
Browse courses on Procurement
Show steps
  • Choose a specific procurement topic to focus on.
  • Research the topic thoroughly, using reputable sources.
  • Write a well-structured blog post that presents your findings and insights.
Attend a Procurement Workshop
Gain practical insights and network with professionals in the field of procurement.
Show steps
  • Identify relevant workshops or conferences
  • Attend the workshop and actively participate
  • Connect with procurement professionals and discuss industry best practices
Participate in a procurement case competition
Engage in a case competition to apply procurement principles in a competitive and practical setting.
Browse courses on Procurement
Show steps
  • Identify and register for relevant procurement case competitions.
  • Form a team and prepare for the competition by researching and developing strategies.
  • Present your procurement solution to a panel of judges.
Contribute to an open-source procurement project
Engage with the open-source community by contributing to a procurement-related project.
Browse courses on Procurement
Show steps
  • Identify an open-source procurement project that aligns with your interests and skills.
  • Review the project's documentation and contribute bug reports, feature requests, or code changes.
  • Collaborate with other contributors to enhance the project.

Career center

Learners who complete Procurement Management in Project Environments will develop knowledge and skills that may be useful to these careers:
Procurement Manager
Procurement Managers oversee the procurement of goods and services for organizations. They work with suppliers to negotiate contracts, ensure quality, and manage inventory. This course provides a strong foundation in procurement management, which is essential for success in this role. You'll learn about the different types of procurement contracts, how to evaluate suppliers, and how to manage procurement relationships. With this knowledge, you'll be well-equipped to lead procurement efforts in any project environment.
Supply Chain Manager
Supply Chain Managers oversee the flow of goods and services from suppliers to customers. They work with suppliers to ensure that products are delivered on time and within budget. This course provides a strong foundation in procurement management, which is an essential component of supply chain management. You'll learn about the different types of procurement contracts, how to evaluate suppliers, and how to manage procurement relationships. With this knowledge, you'll be well-equipped to lead procurement efforts in any supply chain environment.
Project Manager
Project Managers lead and manage projects from start to finish. They work with stakeholders to define project objectives, develop project plans, and execute projects. This course provides a strong foundation in procurement management, which is an essential component of project management. You'll learn about the different types of procurement contracts, how to evaluate suppliers, and how to manage procurement relationships. With this knowledge, you'll be well-equipped to lead procurement efforts in any project environment.
Purchasing Agent
Purchasing Agents are responsible for purchasing goods and services for organizations. They work with suppliers to negotiate contracts, ensure quality, and manage inventory. This course provides a strong foundation in procurement management, which is essential for success in this role. You'll learn about the different types of procurement contracts, how to evaluate suppliers, and how to manage procurement relationships. With this knowledge, you'll be well-equipped to lead procurement efforts in any organization.
Contract Manager
Contract Managers are responsible for negotiating and managing contracts for organizations. They work with suppliers to ensure that contracts are fair and equitable, and that they meet the needs of the organization. This course provides a strong foundation in procurement management, which is an essential component of contract management. You'll learn about the different types of procurement contracts, how to evaluate suppliers, and how to manage procurement relationships. With this knowledge, you'll be well-equipped to lead contract management efforts in any organization.
Vendor Manager
Vendor Managers are responsible for managing relationships with suppliers. They work with suppliers to ensure that they are meeting the needs of the organization, and that they are providing quality products and services. This course provides a strong foundation in procurement management, which is an essential component of vendor management.
Procurement Analyst
Procurement Analysts are responsible for analyzing procurement data and identifying opportunities for improvement. They work with procurement teams to develop and implement procurement strategies. This course provides a strong foundation in procurement management, which is essential for success in this role. You'll learn about the different types of procurement contracts, how to evaluate suppliers, and how to manage procurement relationships. With this knowledge, you'll be well-equipped to lead procurement analysis efforts in any organization.
Sourcing Manager
Sourcing Managers are responsible for identifying and developing new suppliers. They work with suppliers to build relationships and ensure that they are meeting the needs of the organization. This course provides a strong foundation in procurement management, which is an essential component of sourcing management. You'll learn about the different types of procurement contracts, how to evaluate suppliers, and how to manage procurement relationships.
Materials Manager
Materials Managers are responsible for managing the flow of materials through an organization. They work with suppliers to ensure that materials are delivered on time and within budget. This course provides a strong foundation in procurement management, which is an essential component of materials management. You'll learn about the different types of procurement contracts, how to evaluate suppliers, and how to manage procurement relationships.
Inventory Manager
Inventory Managers are responsible for managing the inventory of an organization. They work with suppliers to ensure that inventory levels are maintained and that products are delivered on time. This course may be useful for aspiring Inventory Managers.
Logistics Manager
Logistics Managers are responsible for managing the movement of goods and services through an organization. They work with suppliers to ensure that goods are delivered on time and within budget.
Transportation Manager
Transportation Managers are responsible for managing the transportation of goods and services through an organization. They work with suppliers to ensure that goods are delivered on time and within budget.
Warehouse Manager
Warehouse Managers are responsible for managing the storage and distribution of goods and services. They work with suppliers to ensure that goods are delivered on time and within budget.
Operations Manager
Operations Managers are responsible for managing the operations of an organization. They work with suppliers to ensure that goods and services are delivered on time and within budget.
Business Analyst
Business Analysts are responsible for analyzing business processes and identifying opportunities for improvement. They work with suppliers to ensure that goods and services are delivered on time and within budget.

Reading list

We've selected eight books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Procurement Management in Project Environments.
Provides a comprehensive overview of strategic procurement management, including the make-or-buy decision and how to manage relationships with procurement sources. It valuable resource for anyone involved in procurement, as it offers practical guidance and advice.
Focuses specifically on procurement management in project environments, covering the entire procurement process from planning to contract closeout. It valuable resource for anyone involved in procurement in a project environment, as it provides practical guidance and advice.
Provides a comprehensive overview of procurement management, covering all aspects of the procurement process, from planning and sourcing to contract management and supplier performance evaluation. It valuable resource for anyone involved in procurement, as it provides detailed information and guidance.
While this book covers supply chain management more broadly, it also includes a section on procurement management. This section provides a good overview of the make-or-buy decision, supplier selection, and contract management.
Provides a comprehensive overview of purchasing and supply chain management, covering all aspects of the procurement process, from planning and sourcing to contract management and supplier performance evaluation. It valuable resource for anyone involved in procurement, as it provides detailed information and guidance.
Useful reference guide for procurement practitioners. It covers all aspects of procurement management, from planning and sourcing to contract management and supplier performance evaluation.
Provides a comprehensive guide to procurement and supply chain management. It valuable resource for anyone who needs to understand the basics of procurement.
Provides a guide to public procurement for local governments. It valuable resource for anyone who needs to understand the basics of public procurement.

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