Projects, programmes and portfolios are dependent on the input of people, material and money. These input constraints include money, Finance (Practice 7) and (human and other) Resources (Practice 8). Often, acquiring resources requires Procurement (Practice 9).

The Procurement (Practice 9) competence element enables the individual to obtain the best value possible from the chosen suppliers or partners, and thus deliver the best value for the buyer and the organisation. 

Instructional Objectives:

• Agree on procurement needs, options and process
• Participate in the supplier selection
• Participate in the negotiation
• Manage the contracts

45min.