Msc Pm Course Notes
Master of Science in Project Management Module 5: Contracts and Procurement
Module learning outcomes
• • • • • Define the criteria for understanding project contracts; Discuss the fundamental concepts of procurement practices; Identify the legal and contractual obligations; Assess the importance of procurement to competitive business performance; Discuss how methods and techniques can be used in handling the extent of financial costing in projects.
Week 3: Procurement management: part 1
Learning objectives for Week 3
• • • Specifying requirements for procurement Developing a project procurement management plan Selecting and assessing suppliers
Introduction
This week, you will examine the development of a procurement management plan, requirements, and specifications. You will learn about bids and proposals and the process of selecting suppliers. You also will explore how you can plan for contracting. The recorded lecture begins by introducing you to the procurement management plan. The week concludes with a discussion on planning for contracting. You can play each section as many times as you like and also read the text version. The textbook readings cover the key learning objectives at a reasonably challenging level. The PowerPoint slides at the end provide useful diagrams and summaries to help you review the main points you have covered during the week. For the assessment, you will discuss a question online and also complete a
1/14 Copyright - Laureate Online Education © All rights reserved, 2000 – 2009, The module, in all its parts: syllabus, guidelines, lectures, discussion questions, technical notes, images and any additional material is copyrighted by Laureate Online Education B.V. Last update: August 10
Module 5: Contracts and Procurement
Hand-in Assignment demonstrating that you can apply the techniques you have studied.
Reading
Textbooks Sollish, F., Semanik, J., Morris, P.W.G. ed. & Pinto, J.K. ed. 2011. Planning and administering
Module learning outcomes
• • • • • Define the criteria for understanding project contracts; Discuss the fundamental concepts of procurement practices; Identify the legal and contractual obligations; Assess the importance of procurement to competitive business performance; Discuss how methods and techniques can be used in handling the extent of financial costing in projects.
Week 3: Procurement management: part 1
Learning objectives for Week 3
• • • Specifying requirements for procurement Developing a project procurement management plan Selecting and assessing suppliers
Introduction
This week, you will examine the development of a procurement management plan, requirements, and specifications. You will learn about bids and proposals and the process of selecting suppliers. You also will explore how you can plan for contracting. The recorded lecture begins by introducing you to the procurement management plan. The week concludes with a discussion on planning for contracting. You can play each section as many times as you like and also read the text version. The textbook readings cover the key learning objectives at a reasonably challenging level. The PowerPoint slides at the end provide useful diagrams and summaries to help you review the main points you have covered during the week. For the assessment, you will discuss a question online and also complete a
1/14 Copyright - Laureate Online Education © All rights reserved, 2000 – 2009, The module, in all its parts: syllabus, guidelines, lectures, discussion questions, technical notes, images and any additional material is copyrighted by Laureate Online Education B.V. Last update: August 10
Module 5: Contracts and Procurement
Hand-in Assignment demonstrating that you can apply the techniques you have studied.
Reading
Textbooks Sollish, F., Semanik, J., Morris, P.W.G. ed. & Pinto, J.K. ed. 2011. Planning and administering
References: Fellowes, Inc. (2010) The importance of records management [Online] Available from: http://www.fellowes.com/Fellowes/site/workspace/workspace_article_org_6.as px (Accessed: 22 April 2010).