Objectives

To provide students with a practical understanding of key issues involved in the acquisition of goods and services from outside vendors

To help students acquire the skills to work effectively with contracts.

Instruction

Method: Lectures, case studies, class exercises, homework

Material: Course workbook

PMBOK Knowledge Areas

• Integration Management
• Scope Management
• Cost Management
• Procurement Management

Topics Covered

• Understanding needs and requirements
• Capturing needs and requirements via statement of work (SOW) and/or Statement of Objectives (SOO)
• Planning for solicitation
• Different contract modalities
• Sole-source vs. competitive contracts
• Issuing an RFP (request for proposal)
• Responding to a solicitation
• Writing a proposal
• How sealed bid contracts are handled differently than negotiated contracts (IFB vs RFP)
• Holding vendor questions-and-answer sessions
• Formulating the contract
• Structuring the contract (FFP, CPFF, CPAF, CPIF, time-and-materials)
• Post-award contract management
• Verifying that work had been done via work performance measurement
• Making progress payments
• Verifying that funds are available for the work that has been done
• Intellectual property
• Data rights
• Non-disclosure agreements
• Non-competition agreements
• The purchasing function
• The contracting life-cycle
• Role of contract specialists
• Closing out contracts
• Customer acceptance testing
• Use of punch lists
• Making final payments

Course Length

This course comes in varying lengths depending upon the needs of your organization. Project Management Professionals (PMPs) are eligible to earn Professional Development Units (PDUs) for taking this course.

Arrange a Course

Contact UMT Corporate Training at (703) 516-0035 or training@umtweb.edu to schedule a course.