PMP Certification Training - Conduct Procurements

The video tutorial covers the conduct procurements process, detailing how to obtain seller responses, select a seller, and award a contract. It explains the inputs, tools, techniques, and outputs involved, including procurement documents like RFPs and RFIs. The tutorial also discusses various contract types, such as fixed price, cost reimbursable, and time and material, highlighting their characteristics and risks.

What is the conduct procurements process?

What are the three aspects to conducting procurements?

What is the role of the procurement management plan in the bid process?

Explain the difference between sole source and single source procurement.

What types of procurement documents are used to solicit vendors?

How do bids, quotations, and proposals differ in procurement?

What are the outputs of the conduct procurements process?

Describe the three basic families of contracts.

What is a fixed price incentive fee contract?

What are the risks associated with cost reimbursable contracts?