PMI Project Management
Professional (PMP)® Workshop
Project Procurement Management
© 2017 Skillogic Knowledge Solutions. All Rights Reserved2
Project Procurement Management
Integration
Scope
Time
Cost
Quality
Human Resource
Communications
Risk
Procurement
Stakeholder
© 2017 Skillogic Knowledge Solutions. All Rights Reserved3
Project Procurement Management
Plan Procurement Management
Conduct Procurements
Control Procurements
© 2017 Skillogic Knowledge Solutions. All Rights Reserved4
Plan Procurement Management
 This is a process of documenting procurement decisions,
identifying potential sellers and coming up with an approach.
 Key benefit is that
 It determines whether to acquire support from outside
 What to acquire
 How to acquire
 When to acquire
etc.
© 2017 Skillogic Knowledge Solutions. All Rights Reserved5
Plan Procurement ManagementInputs
• Project
management plan
• Requirements
documentation
• Risk register
• Activity resource
requirements
• Project schedule
• Activity cost
estimates
• Stakeholder
register
• Enterprise
environmental
factors
• Organizational
process assets
Tools&Techniques
• Make-or-buy
analysis
• Expert judgment
• Market research
• Meetings
Outputs
• Procurement
management plan
• Procurement
statement of work
• Procurement
documents
• Source selection
criteria
• Make-or-buy
decisions
• Change requests
• Project documents
updates
© 2017 Skillogic Knowledge Solutions. All Rights Reserved6
Plan Procurement Management - Inputs
 Project management plan
 Requirements documentation
 Risk register
 Activity resource requirements
 Project schedule
 Activity cost estimates
 Stakeholder register
 Enterprise environmental factors
 Organizational process assets
© 2017 Skillogic Knowledge Solutions. All Rights Reserved7
Contract Types
Contract Types
Fixed Price Time & Material
FFP FPIF FP-EPA
Cost
Reimbursement
CPFF CPIF CPAF CPF/CPPC
Buyer - 0% Risk
Seller - 100% Risk
Buyer - 100% Risk
Seller - 0% Risk
© 2017 Skillogic Knowledge Solutions. All Rights Reserved8
Contract Types - abbreviations
 Fixed Price Contracts
 FFP – Firm Fixed Price
 FPIF – Fixed price incentive fee
 FP-EPA – Fixed price with economic price adjustments
 Cost reimbursable Contracts
 CPFF – Cost plus Fixed Fee
 CPIF – Cost plus Incentive Fee
 CPAF – Cost plus Award Fee
© 2017 Skillogic Knowledge Solutions. All Rights Reserved9
© 2017 Skillogic Knowledge Solutions. All Rights Reserved10
Call Us
@ 901-989-9000
If you are looking for PMP Training in Delhi visit:
http://in.skillogic.com/pmp-training/pmp-certification-delhi/
Skillogic – PMP Certification Training

PMP Project Procurement Management_Part 1

  • 1.
  • 2.
    Project Procurement Management ©2017 Skillogic Knowledge Solutions. All Rights Reserved2
  • 3.
    Project Procurement Management Integration Scope Time Cost Quality HumanResource Communications Risk Procurement Stakeholder © 2017 Skillogic Knowledge Solutions. All Rights Reserved3
  • 4.
    Project Procurement Management PlanProcurement Management Conduct Procurements Control Procurements © 2017 Skillogic Knowledge Solutions. All Rights Reserved4
  • 5.
    Plan Procurement Management This is a process of documenting procurement decisions, identifying potential sellers and coming up with an approach.  Key benefit is that  It determines whether to acquire support from outside  What to acquire  How to acquire  When to acquire etc. © 2017 Skillogic Knowledge Solutions. All Rights Reserved5
  • 6.
    Plan Procurement ManagementInputs •Project management plan • Requirements documentation • Risk register • Activity resource requirements • Project schedule • Activity cost estimates • Stakeholder register • Enterprise environmental factors • Organizational process assets Tools&Techniques • Make-or-buy analysis • Expert judgment • Market research • Meetings Outputs • Procurement management plan • Procurement statement of work • Procurement documents • Source selection criteria • Make-or-buy decisions • Change requests • Project documents updates © 2017 Skillogic Knowledge Solutions. All Rights Reserved6
  • 7.
    Plan Procurement Management- Inputs  Project management plan  Requirements documentation  Risk register  Activity resource requirements  Project schedule  Activity cost estimates  Stakeholder register  Enterprise environmental factors  Organizational process assets © 2017 Skillogic Knowledge Solutions. All Rights Reserved7
  • 8.
    Contract Types Contract Types FixedPrice Time & Material FFP FPIF FP-EPA Cost Reimbursement CPFF CPIF CPAF CPF/CPPC Buyer - 0% Risk Seller - 100% Risk Buyer - 100% Risk Seller - 0% Risk © 2017 Skillogic Knowledge Solutions. All Rights Reserved8
  • 9.
    Contract Types -abbreviations  Fixed Price Contracts  FFP – Firm Fixed Price  FPIF – Fixed price incentive fee  FP-EPA – Fixed price with economic price adjustments  Cost reimbursable Contracts  CPFF – Cost plus Fixed Fee  CPIF – Cost plus Incentive Fee  CPAF – Cost plus Award Fee © 2017 Skillogic Knowledge Solutions. All Rights Reserved9
  • 10.
    © 2017 SkillogicKnowledge Solutions. All Rights Reserved10 Call Us @ 901-989-9000 If you are looking for PMP Training in Delhi visit: http://in.skillogic.com/pmp-training/pmp-certification-delhi/ Skillogic – PMP Certification Training