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), negotiation, and development 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.
Describe the roles and responsibilities of contract management.
Analyze the importance of planning, measurement and control and their implications for contract performance management.
Develop a comprehensive procurement management plan for a project.
Develop a request for proposal (RFP) for an outsourcing agreement.
Specify accurate and manageable contract scopes and risk assessments.
Develop effective terms and conditions for contract review.
Choose the right contract type for a given situation.
Assess a firm's value chain, and how to identify core competencies.
Execute processes for outsourcing non-core competency activities.
Identify negotiation and dispute resolution techniques.
Identify and manage contract risk.
> Direct link to course prerequisites.
> Buy your textbooks and other required course materials online from the Brandeis Bookstore ,or visit the bookstore in the Shapiro Campus Center.