Deep Dive into Project Procurement (2021 Update)

Expected Duration
Lesson Objectives
Course Number
Expertise Level


Whether products or services, procurement is a major part of project and project risk management. Recognizing risks, threats, and opportunities is crucial when making decisions around vendors and vendor contracts.

In this course, you'll explore tools and process around project procurement, including SWOT and make-or-buy analysis, and quantitative and qualitative risk analysis. You'll learn about common contract types, vendor selection, and managing vendor performance. Finally, you'll also learn about understanding the use of risk registers, risk reports and audits, and risk response and ownership in relation to procurement. 

Expected Duration (hours)

Lesson Objectives

Deep Dive into Project Procurement (2021 Update)

  • discover the key concepts covered in this course
  • identify the process of performing a make-or-buy analysis
  • recognize the different types of contracts and procurement considerations that must be made
  • identify variations of fixed price contracts
  • identify variations of cost-reimbursable contracts
  • identify the characteristics of each contract type
  • recognize the process of selecting a vendor
  • recognize the process of signing a contract and evaluating vendor performance
  • identify procurement documents and deliverables
  • recognize how the characteristics of procurement are different when using an agile approach
  • Knowledge Check: Assessing Your Project Procurement Skills
  • Course Number:

    Expertise Level