This course examines the full life cycle of project procurement, which includes both buyer and seller perspectives and explores cost estimating techniques to develop proposals.
Upon completion of this course, students are expected to be able to do the following:
- Determine project procurement requirements and schedule.
- Develop a procurement plan.
- Analyze contract types and rationale for use.
- Develop proposal documentation from a buyer and seller perspective.
- Develop appropriate selection criteria and evaluate bids.
- Develop strategies to evaluate, manage, and close contract relationships with vendors.
- Analyze ethics from a procurement perspective.
- Conduct estimation to support proposal development.
Prerequisite: PRM 600 Foundations of Project Management, PRM 601 Project Scope and Scheduling and, PRM 611 Technical Communication