Procurement Management – Important Concepts in Partner Selection

  Procurement Management   Strategy  

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Overview

As any Project Management professional would appreciate, Procurement Management is an important element of managing complex projects. In his webinar in November 2020 (Titled “Procurement Management – a review of Important concepts”), Manish had discussed important concepts of Procurement management. Based on the feedback received from the previous webinar he has attempted to cover various aspects of selection of suppliers, contractors, consultants and other vendors (addressed as partners in general). The concepts of identifying and shortlisting partners based on technical competence and financial capability etc. will be discussed. Further the aspect of assessment of bid capacity for a particular project based on the partner’s position at any given point in time will also be discussed. These concepts will be discussed with examples and case studies. This webinar should help the Project Management professionals select the right partners to enable an efficient and effective procurement for their projects.

Learning Objectives

As any Project Management professional would appreciate, Procurement Management is an important element of managing complex projects. In his webinar in November 2020 (Titled “Procurement Management – a review of Important concepts”), Manish had discussed important concepts of Procurement management. Based on the feedback received from the previous webinar he has attempted to cover various aspects of selection of suppliers, contractors, consultants and other vendors (addressed as partners in general). The concepts of identifying and shortlisting partners based on technical competence and financial capability etc. will be discussed. Further the aspect of assessment of bid capacity for a particular project based on the partner’s position at any given point in time will also be discussed. These concepts will be discussed with examples and case studies. This webinar should help the Project Management professionals select the right partners to enable an efficient and effective procurement for their projects.

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Resources

Procurement Management – Important Concepts in Partner Selection

PREMIUM presentation

by Manish Mohandas

Talent Triangle Alignment

This video qualifies for the following PDUs:

PMP/PgMP CAPM PMI-ACP PMI-SP PMI-RMP PfMP PMI-PBA DASM DASSM DAC DAVSC PMI-CP PMI-PMOCP PMI-CPMAI Ways of Working 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Power Skills 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Business Acumen 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Total 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00

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Acknowledgements: Kimberly Whitby