Introduction to project management/IPM103/Procurement/Overview

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Procurement

Procurement is the art of purchasing materials, labour and administration at the right rate, cheaper and more effectively than your competitors.

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Objectives

At the end of this learning pathway you will be able to:

  • Select the appropriate type of contract for a given project
  • Describe the steps in the procurement process
  • Evaluate Requests for Quotes and/or Requests for Proposals