PMGT 530 - Risk, Procurement and Contracts

(3 semester hours)
Prerequisites: PMGT 510
Description: Using real-life project examples and scenarios, the student will learn how to reduce negative risks exposure and understand opportunities uncertainty can provide in projects by using effective risk management practices such as risk planning, identification and control. The student will design a risk management plan and learn how to prepare a Risk Register. The student will also learn how to plan a procurement, understand different procurement methods and types of contracts, find a vendor, write a Request for Proposal and apply these concepts, tools and techniques to actual projects.