At some point on a large project, you need someone else to provide the goods or services that will supplement your team’s capabilities and resources. How do you ensure you get what you need, and you get good value? The answer is Procurement Management.

🎓 Learn Project Management with Mike: The Project Manager's Skills Mastery Program - https://school.onlinepmcourses.com/p/...

Recommended Videos
Carefully curated video recommendations for you:
🎬 Competitive Procurement: How to Run a Tender Process
   • Competitive Procurement: How to Run a...  
🎬 Should a Project Manager Get Involved in Contract Negotiations?
   • Should a Project Manager Get Involved...  
🎬 A Fixed Price Contract for Your Project: Pros and Cons
   • A Fixed Price Contract for Your Proje...  


🎒 A while back, I asked Project Managers in a couple of forums what material things you need to have, to do your job as a Project Manager. They responded magnificently. I compiled their answers into a Kit list.
https://kit.co/MikeClayton/what-a-pro...
Note that the links are affiliated.

🎬 For more great Project Management videos, please subscribe to this channel:    / @onlinepmcourses  

🎁 For all our great Project Management articles and resources, please check out the OnlinePMCourses website: https://onlinepmcourses.com/

🏛 For basic Management Courses - free training hosted on YouTube, with 2 new management lessons a week, check out our sister channel, Management Courses:    / managementcourses  

🎓 For more of our Project Management videos in themed collections, join our Free Academy of Project Management: https://onlinepmcourses.com/free-acad...

⏱ Chapter Markers...
00:00 - Procurement Management
00:26 - What is Project Procurement?
01:23 - Procurement contract types
01:58 - Fixed price contract
02:47 - Fixed price contract with incentive/penalty
03:16 - Unit cost contract
03:47 - Target cost contract
04:31 - Cost-plus contract
05:32 - Time and materials (T&M) contract
06:24 - The four Project Procurement Processes
06:41 - Procurement Planning
08:46 - The procuring stage
09:51 - Contract award
10:16 - The contract
11:27 - Monitoring and Controlling
12:48 - Closing
13:46 - Public sector project procurement
14:56 - Good procurement practices

#Procurement #ProjectManagement #ProcurementManagement