This class will detail the management of procurement activities throughout the project lifecycle.  The six process areas of procurement from the PMBOK® (Project Management Body of Knowledge, Fourth Edition) will be used to establish the procurement framework. Then the elements needed during each stage in the project lifecycle for procurement management will be explored. The students will learn all aspects of the procurement lifecycle management process including understanding the relationship of the buyer and seller, determining the correct contract type for each procurement situation, selecting a seller and monitoring and controlling the execution of the contract. These concepts are discussed as they would be encountered across the project management processes (manage risk, manage quality, etc.) and project lifecycle (analysis, design, construct, etc.). This helps the students better understand how to apply procurement concepts and techniques across their real-life projects.

Learning Objectives
     • Learn the four processes of procurement from the PMBOK® 4th Edition
     • Discuss the basics of procurement and the buyer/seller relationship
     • Structure and plan a project with a vendor component
     • Plan and execute a seller selection process
     • Understand the vendor component in the remainder of the project
     • Develop procurement documents for soliciting seller requests (e.g. RFI, RFP, RFQ)
     • Monitor and control the entire project, including the vendor work
     • Understanding the contract process from creation to closure

Who Should Attend
     • Project managers responsible for project procurement
     • Purchasing & Procurement professionals

Earn:  5 PDUs!

Instructor:  Tom Mochal, PMP
Instructor Bio.  Tom Mochal, PMP is the president of TenStep, Inc., a methodology development, consulting and training company. He is also the head of The TenStep Group, a network of over 35 offices providing consulting, training and other project management services around the world.  Mochal is author of a book on managing people called "Lessons in People Management" (BookSurge 2005) and a companion book on project management called "Lessons in Project Management" (Apress 2003). He is also the author of a number of business methodologies including the TenStep Project Management Process, a complete portfolio management process called PortfolioStep, a project lifecycle methodology called LifecycleStep and a framework for building and running a Project Management Office called PMOStep.

Mochal recently won the Distinguished Contribution Award from the Project Management Institute for his work spreading knowledge of project management around the world.  Mochal is a speaker, lecturer, instructor and consultant to companies and organizations around the world. He is a member of the Atlanta, Georgia (USA) chapter of the Project Management Institute (PMI), the American Management Association (AMA), the American Society for the Advancement of Project Management (asapm®), the American Society for Quality (ASQ), the Association for Strategic Planning (ASP) and is a partner in The Management Mentors, a group dedicated to building knowledge in project management, IT management and leadership/personal development.