Project Management: Managing Risk and Procurements

Course Description

Managing the uncertainties can be a critical aspect of project success. Learn to reduce negative risk exposure in your projects and enhance opportunities by using effective risk management and procurement practices. Learn the specific processes of risk management and procurement management as defined by the Project Management Institute in A Guide to the Project Management Body of Knowledge (Fifth Edition), the industry standard. Identify potential threats, determine the impact of the threat and develop a risk management strategy by quantifying and prioritizing project risks. Learn to effectively manage project procurements, those undertaken in response to project risks, as well as those undertaken to provide other needed products and services. Learn the various phases of the procurement management process and how to work effectively with contracting managers, purchasing professionals and subcontractors to accomplish key project objectives. Define procurement requirements and evaluate bids and proposals. Gain skills to successfully negotiate a contract agreement and manage the resulting vendor relationship. Learn effective courses of action to ensure contractors or subcontractors perform as required under the contract. Know the best practices for closing out contracts. 

Course ID: COMP 6310P
Course Format: Classroom

Important Course Information

Are you approved for VA Education Benefits?  The certificate program associated with this course, if offered in classrom format and on the Atlanta campus, is approved for VA Education Benefits. Details and eligible programs can be viewed from this link.

Available Classroom Sections

Start Date End Date Registration Deadline Format Location Cost CRN
Section Details Aug 28, 2017 Aug 30, 2017 Aug 28, 2017 Classroom Atlanta, GA $1,899 17154
Section Details Oct 2, 2017 Oct 4, 2017 Oct 2, 2017 Classroom Atlanta, GA $1,899 17155
Section Details Mar 27, 2018 Mar 29, 2018 Mar 27, 2018 Classroom Atlanta, GA $1,899 18180
Section Details May 1, 2018 May 3, 2018 May 1, 2018 Classroom Atlanta, GA $1,899 18181
Section Details Jun 27, 2018 Jun 29, 2018 Jun 27, 2018 Classroom Atlanta, GA $1,899 18182
Section Details Aug 28, 2018 Aug 30, 2018 Aug 28, 2018 Classroom Atlanta, GA $1,899 18183
Section Details Oct 3, 2018 Oct 5, 2018 Oct 3, 2018 Classroom Atlanta, GA $1,899 18184
View previous sections
View Previous Sections
CRN Start date End date Format Location Cost
14334 Nov 5, 2014 Nov 7, 2014 Classroom Atlanta, GA $1,725
14916 Dec 1, 2014 Dec 3, 2014 Classroom Atlanta, GA $1,725
15282 Mar 17, 2015 Mar 19, 2015 Classroom Atlanta, GA $1,899
15479 Apr 8, 2015 Apr 10, 2015 Classroom Atlanta, GA $1,899
15635 Jul 13, 2015 Jul 15, 2015 Classroom Atlanta, GA $1,899
15289 Oct 7, 2015 Oct 9, 2015 Classroom Atlanta, GA $1,899
16399 Mar 16, 2016 Mar 18, 2016 Classroom Atlanta, GA $1,899
16422 Apr 13, 2016 Apr 15, 2016 Classroom Atlanta, GA $1,899
16410 Jun 27, 2016 Jun 29, 2016 Classroom Atlanta, GA $1,899
16411 Aug 24, 2016 Aug 26, 2016 Classroom Atlanta, GA $1,899

Special Discounts

Are you planning on earning a Georgia Tech Project Management Certificate? If so, you can register for all five courses at once and save 15%. Simply register for the following five certificate courses at once and get a 15% discount:

  • COMP 6300P - Project Management Introduction: Fundamentals of Successful Projects
  • COMP 6310P - Project Management: Managing Risk and Procurements
  • COMP 6320P - Project Management: Communicating Within Teams
  • COMP 6330P - Project Management: Delivering the Triple Constraints
  • COMP 6340P - Project Management: Case Study Workshop

You will need a coupon code to use when you register in order to receive your discount. To prequalify and obtain your code, please click here.

Prerequisites

Required

Recommended

Who Should Attend

Project managers who must be able to complete projects on time and on budget without sacrificing project quality, professionals preparing to transition into a new career in project management, professionals without formal training charged with managing large, complex projects or smaller, more tactical projects, seasoned project managers interested in refreshing their skills while earning PMI-approved PDUs, business analysts working with project managers and project teams in challenging environments, technical team leaders, managers

How You Will Benefit

  • Identify the characteristics of risks and opportunities.

  • Apply tools and techniques for risk identification analysis.

  • Determine risk response strategies.

  • Prioritize mitigation strategies and monitor risks.

  • Develop a risk management plan.

  • Identify appropriate uses of contracts in projects.

  • Describe the procurement process from both the buyer's and seller's perspectives.

  • Select the most suitable contract type and use of incentives to satisfy project needs.

  • Identify contract components and describe contractual relationships.

  • Identify and manage procurement related risks.

  • Evaluate bids and proposals.

  • Apply tools and techniques for negotiating favorable contract terms.

  • Identify critical success factors for managing relationships with vendors.

  • Describe activities required for effective contract administration.

  • Determine tasks required for effectively terminating and closing out contracts before or upon completion.

  • Record risk and procurement results for future teams.

Content

  • Introduction to risk management

  • Plan risk management

  • Identify risks

  • Analyze and prioritize risks

  • Quantify risks

  • Plan and implement risk response plans

  • Introduction to project procurement management

  • Types of contracts

  • Procurement pre-award phase (Planning procurements)

  • Procurement award phase

  • Integrating risk and procurement management

  • Monitor and control risks

  • Procurement post-award phase

  • Risk and procurement management review

Materials

Provided

  • Copies of the lecture slides and notes, exercises, and tools

For Course-Related Questions

Please contact the course administrator: Jim Consuegra