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RPJM 118

Procurement and Contract Management

This course covers the procurement process in depth, including concepts, principles and ethics, pricing methods, awards, and all phases of contract administration from both the seller and buyer perspectives. It explores the development of bids and requests for proposals; the evaluation of responses; and the capabilities and use of various types of contracts and pricing mechanisms. It addresses outsourcing (including market investigation, key risks, requirements definition and evaluations using performance based service agreements) and the evaluation and use of contract information systems.

At the end of the course, students will be able to:
• Describe the fundamental elements of a contract, including basic terms and conditions
• Develop appropriate selection criteria for vendor selection
• Analyze the importance of planning, measurement and control and their implications for contract performance management
• Develop a Request For Proposal
• Analyze RFP or ITB from supplier’s perspective
• Specify accurate and manageable contract scopes and perform risk assessments
• Develop effective terms and conditions for contract review
• Be able to choose the right contract type for a given situation
• Understand how to identify core competencies, and execute processes for outsourcing non-core competency activities
• Identify and manage contract risk
• Develop a comprehensive procurement management plan for a project

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