Effective Framework for Project Procurement

All projects contain an element of risks to quality, time and cost. Application of traditional and modern procurement methods that are successful in a running organization is inadequate when it comes to projects. High value projects often end up in cost overrun in addition to late commissioning & with substandard quality. This training provides an effective framework of leading practices for project procurement leading to substantial benefits to the stakeholders.

Benefits

  • Understand effective procurement processes: to successfully procure services/materials for projects

  • Value for money: ensure the best value for money spent on procurement

  • Successfully complete the projects: Bring projects to fruition on time and budget

  • Stakeholder confidence: Provide confidence to lenders on their future investment decisions

  • Bottom line improvement: substantial bottom line improvement

Modules

  • R&R established

  • Understanding procurement categories

  • Ten stages of procurement

  • Project procurement management plan

  • Project procurement risk management

  • Selection of contract types

  • Legal aspects of project procurement

  • Project contract administration

  • Closing out project procurement