PMP Certification: Unit 5
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PMP Certification: Unit 5
This course is part of PMP Certification Specialization
Instructors: Pearson
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What you'll learn
Master the essentials of procurement, including when to outsource and contract types.
Utilize key procurement tools and artifacts like RFIs, RFPs, and procurement strategies.
Identify and assess stakeholder engagement levels effectively.
Employ the Stakeholder Grid and Salience Model for prioritizing and engaging stakeholders.
Details to know
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There is 1 module in this course
This course provides an in-depth exploration of two critical aspects of project management. You'll gain a robust understanding of procurement processes, including when to outsource work, the various types of contracts, and essential procurement tools like RFIs, RFPs, and procurement strategies. Additionally, you'll master the art of stakeholder management by learning to identify key stakeholders, assess their engagement levels, and utilize the Stakeholder Grid and Salience Model to prioritize and engage them effectively. By the end of this course, you'll be equipped with the skills to manage procurement processes and stakeholder relationships with confidence and precision, ensuring your projects are executed smoothly and successfully.
This module provides a comprehensive overview of Procurement and Stakeholder Management within project management. It covers the essentials of procurement, including when to outsource work, types of contracts, and key procurement tools and artifacts like RFIs, RFPs, and procurement strategies. Additionally, it delves into Project Stakeholder Management, focusing on identifying stakeholders, assessing their engagement levels, and employing tools such as the Stakeholder Grid and Salience Model to prioritize and engage stakeholders effectively. This module equips learners with the knowledge to manage procurement processes and stakeholder relationships efficiently.
What's included
33 videos3 assignments
33 videos•Total 174 minutes
- Learning objectives•1 minute
- Introduction to Procurement Management•5 minutes
- The PMBOK® Guide Processes in Procurement Management•4 minutes
- ITTOs of Procurement Management•8 minutes
- Centralized vs. Decentralized Contracting•7 minutes
- Procurement Management Plan•5 minutes
- Procurement Strategy and Phases•9 minutes
- Components of a Contract•6 minutes
- Fixed Price Contract•10 minutes
- Cost Reimbursible Contract•8 minutes
- Time & Materials Contract•4 minutes
- Completion Contract vs. Term Contract•4 minutes
- Make or Buy Analysis•8 minutes
- Source Selection Criteria•7 minutes
- Common Procurement Tools•8 minutes
- Common Procurement Artifacts•10 minutes
- Common Procurement Terms•8 minutes
- Controlling Procurements•12 minutes
- Contract Change Control•11 minutes
- Closing Procurements•5 minutes
- Learning objectives•0 minutes
- Introduction to Stakeholder Management•4 minutes
- The PMBOK® Guide Processes in Procurement Management•2 minutes
- ITTOs of Stakeholder Management•9 minutes
- Common Tools for Identifying Stakeholders•2 minutes
- Stakeholder Grid•2 minutes
- Salience Model•2 minutes
- Stakeholder Engagement Assesment Matrix•3 minutes
- Stakeholder Engagement Plan•1 minute
- Stakeholder Register•1 minute
- Engaging and Collaborating with Stakeholders•3 minutes
- PMP Certification Complete Video Course and Practice Test: Summary•2 minutes
- Course Summary•2 minutes
3 assignments•Total 90 minutes
- Project Procurement Management Quiz•30 minutes
- Project Stakeholder Management Quiz•30 minutes
- End of Course Assessment•30 minutes
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Reviewed on Jan 30, 2026
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Frequently asked questions
Yes, you can preview the first video and view the syllabus before you enroll. You must purchase the course to access content not included in the preview.
If you decide to enroll in the course before the session start date, you will have access to all of the lecture videos and readings for the course. You’ll be able to submit assignments once the session starts.
Once you enroll and your session begins, you will have access to all videos and other resources, including reading items and the course discussion forum. You’ll be able to view and submit practice assessments, and complete required graded assignments to earn a grade and a Course Certificate.
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