Episode 38: Plan and Manage Procurement

Vendors can make or break a project — and procurement is where strategy meets contracts. This episode breaks down how to define resource needs, develop a procurement strategy, and manage supplier relationships. We’ll explore incentive models, risks in contracting, and the PMI concept of the “point of total assumption.”

On the exam, procurement scenarios often ask whether you should renegotiate, escalate, or adjust scope when vendor issues arise. By mastering PMI’s procurement mindset, you’ll be ready to answer with confidence — and manage your own contracts more effectively in the real world. Produced by BareMetalCyber.com.