In this course, PMP Bob McGannon helps you navigate the project procurement process, helping you understand if procurement is right for your project, exploring common procurement approaches, and explaining the different procurement contract types, including fixed price, cost plus, and time and materials (T&M). Learn how to plan your procurements wisely with payment scheduling options, and discover methods for reducing risk. Then check out market-testing techniques for soliciting potential vendors and partners, and examine solicitation agreements such as the request for information (RFI), the request for quotation (RFQ), and the request for proposal (RFP).

Topics include:
* What is project procurement?
* Should you buy or build?
* Putting procurement tasks in your schedule
* Understanding contract types
* Ensuring flexibility with the statement of work
* Exploring payment scheduling options
* Testing your market
* Using RFIs, RFQs, and RFPs
* Overcoming challenges

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