Project Management Training Podcasts

In this APM Project Management Qualification (BoK7) podcast, Paul and John discuss procurement. This podcast is ideal for anyone doing one of the APM PMQ project management courses and aims to address the following assessment criteria: Explain the purpose, typical content and importance of a procurement strategy Differentiate between different methods of supplier reimbursement (including fixed price, cost plus fee, per unit quantity, and target cost) Differentiate between different contractual relationships Explain a supplier selection process A procurement process is used by companies in the acquisition of goods and services. This will usually have a defined procurement strategy document and include details on selecting suppliers, setting up contracts and management of those contracts. Because the procurement strategy document is a standard project document it needs to be in place at the start of a project as it is an important factor at the same time as considering the business case of a project. Typical