PROJ6004: Contracts and Procurement All

6/3/2020 Laureate International Universities

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MODULE 1MODULE 1

Introduction to Contracts and Procurement

Introduction

Proactively managing the critical steps in an organisation’s contracting and procurement strategy

directly contributes to its bottom line success. For projects, especially those in which procurement

costs are a signi�cant proportion of the total cost, project managers are required to ensure that the

project schedule, cost and risk tolerance are balanced and aligned with the organisation’s

procurement processes.

Project managers should be keenly aware of their own project-speci�c procurement roles and

responsibilities and also have clarity on their organisation's procurement and contracting policies

and procedures.

As part of Module 1 students will get an introduction to procurement and contracts in the context

of project life cycle and globalisation. It will also explore leadership, governance, organisation

aspects and roles/responsibilities that are relevant in procurement.

Module 1 learning activities will include a review of the learning resources (essential, highly

recommended and other learning resources), viewing of essential videos, engaging with other

students to discuss key sub-topics (noted below) and ultimately record key aspects through

re�ection in the student’s re�ection journal.

This module will cover:

Procurement context, project life cycle, leadership, governance and organisational issues;

Globalisation and interconnected environment;

Roles and responsibilities of project manager, procurement manager and project team members

Procurement briefs and speci�cations

Project procurement needs in planning and execution phases.

This module will help you:

6/3/2020 Laureate International Universities

https://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_89516_1&content_id=_8991213_1&mode=reset 2/2

1. Understand procurement in the context of project life cycle including leadership, governance and organisation issues;

2. Understand globalisation of contracts and procurement processes and achieve improved management of risks and underlying opportunities;

3. Appreciate the speci�c roles of project manager, procurement manager and project team members so as to achieve enhanced value in project procurement and contracts management

4. Explore and understand importance of procurement briefs and speci�cations;

5. Evaluate procurement scope and procurement needs of projects and how these areas a�ect project planning and execution;

6. Understand the important aspects of tender and tender evaluation;

7. Understand procurement briefs and speci�cations;

8. Critique a real-life Case Study identify key issues, uncover complexities and identify impact of project environment and organisational aspects.

9. Exchange ideas with other students through the discussion form on the above topics and also record key aspect in the Re�ection Journal.