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.