Project Source Selection (PMBOK 2000)

Overview/Description
 Your company has just received proposals from several telecommunications firms to install a new data network in your company. Which firm should you select for the job? In this course you will learn how to make the best source selection for a project and for your company. You will learn how to select the bidder who will best provide the good or service that you require. This course is aligned with "A Guide to the Project Management Body of Knowledge" (PMBOK ® Guide) 2000 edition, published by the Project Management Institute (PMI ®).

Target Audience
 This series is specifically targeted at project managers, project team members, functional managers with employees assigned to project teams, project stakeholders, any team manager or member interested in project management, executives committed to their organization's growth, managers required to take on new challenges, and top managers with vision.

Expected Duration
3.0 hours

Lesson Objectives:

Inputs to Project Source Selection

  • recognize the importance of using the inputs to the source selection process.
  • determine if a proposal includes the information necessary to be considered for a project.
  • apply the evaluation criteria of a sample company to rate a proposal.
  • determine if a proposal meets the organizational policies in a given scenario.

    • Tools, Techniques and Outputs

  • understand the importance of the tools and techniques and outputs from source selection.
  • determine if a contract negotiation was successful, given a scenario.
  • apply the weighting systems of a company to rate potential sellers.
  • apply the screening systems of a company to determine if a proposal meets specified criteria.
  • identify the characteristics of an independent estimate.
  • determine which type of contract should be used by a company in a given scenario.
  • identify the final steps that must be completed before signing a contract.

    • Course Number: PROJ0503