MGMT79011
Managing Project Procurement and Cost
Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 

Land Acknowledgement

Sheridan College resides on land that has been, and still is, the traditional territory of several Indigenous nations, including the Anishinaabe, the Haudenosaunee Confederacy, the Wendat, and the Mississaugas of the Credit First Nation. We recognize this territory is covered by the Dish with One Spoon treaty and the Two Row Wampum treaty, which emphasize the importance of joint stewardship, peace, and respectful relationships.

As an institution of higher learning Sheridan embraces the critical role that education must play in facilitating real transformational change. We continue our collective efforts to recognize Canada's colonial history and to take steps to meaningful Truth and Reconciliation.


Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Winter 2021
Prerequisites: N/A
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Project Management
Program Coordinator(s): Alan Martin
Course Leader or Contact: N/A
Version: 20210118_00
Status: Approved (APPR)

Section I Notes: Access to course materials and assignments will be available on Sheridan's Learning and Teaching Environment (SLATE). Students will need reliable access to a computer and the internet.

 
 
Section II: Course Details

Detailed Description
Procuring products and services is a major responsibility of project managers. With in-depth knowledge of the procurement process and cost management, students prepare for the complex tasks ahead. Students study the structured procurement process, develop procurement documents, evaluate vendor proposals, draft contracts and oversee contract execution. Throughout the course, students obtain knowledge of the dimensions and factors involved in cost, value, and procurement management. Acquiring these skills allow students to procure products and services that achieve cost efficiency and optimization in projects they manage - making them pivotal to project success. Gain valuable procurement and cost management know-how by expanding on the information you acquired from MGMT79001 Fundamentals of Project Management. You will be required to purchase a textbook. Prerequisite(s): MGMT79001 Fundamentals of Project Management

Program Context

 
Project Management Program Coordinator(s): Alan Martin
N/A


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to analyze the procurement process, including the assessment of risk in various contract types, and the steps required to manage project costs through the technique of (EVM) earned value management.
 
Learning Outcomes:

To achieve the critical performance, students will have demonstrated the ability to:

  1. Explain the theoretical concepts and principles of procurement management.
  2. Compare the contracting system to the contracting process.
  3. Analyze the steps planning for negotiations in the solicitation cycle.
  4. Explain the award cycle and compare the various contract types including the contract control cycle.
  5. Analyze the contract process from the seller's perspective and the legal impact of changes.
  6. Discuss contract termination and quality performance.
  7. Assess the impact of contract litigation to both the buyer and seller organization.
  8. Explain the theoretical concepts and principles of project cost management.
  9. Analyze the processes that are required to manage costs on a project.
  10. Appraise the process of cost control and the importance of planning to manage costs on a project.
  11. Analyze the cost performance measurement technique and findings of (EVM) earned value management.
  12. Create a project plan to provide solutions and recommendations in the management of procurement and cost.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Discussions5.0%
 Quizzes10.0%
 Assignments35.0%
 Mid-Term Exam*20.0%
 Final Exam*30.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
*Please note: In the online course both the midterm and final exam are administered online. Course Evaluation Practices: 1) For submission of assignments, the instructor will specify, in writing: a) due dates and special instructions for submissions b) deductions for overdue submissions 2) Assignments must be completed as individual efforts unless the instructor states otherwise in writing. The written assignment will allow students to use the theoretical knowledge gained in class, to propose solutions and recommendations to practical, project related issues. 3) Instructor will specify dates for individual presentations. 4) Mid-term and final examinations will be held at times scheduled for lectures and will be approximately 2.0 hours in length. 5) Mid-term and final exams will compromise of true/false, multiple choice, short answer questions and case studies.



Evaluation Plan: IN-CLASS
 Group Assignments40.0%
 Mid-Term Exam25.0%
 Final Exam35.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
TEST AND ASSIGNMENT PROTOCOL The following protocol applies to every course offered by the Faculty of Continuing and Professional Studies 1. Students are responsible for staying abreast of test dates and times, as well as due dates and any special instructions for submitting assignments and projects as supplied to the class by the instructor. 2. Students must write all tests at the specified date and time. Missed tests, in-class/online activities, assignments and presentations are awarded a mark of zero. The penalty for late submission of written assignments is a loss of 10% per day for up to five business days (excluding Sundays and statutory holidays), after which, a grade of zero is assigned. Business days include any day that the college is open for business, whether the student has scheduled classes that day or not. An extension or make-up opportunity may be approved by the instructor at his or her discretion.

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:


 

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar

  • Not Eligible for PLAR

 
 
Section III: Topical Outline
Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Print Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors Continuing Education Students - 14 Week
In-Class Multiple Professors Continuing Education Students - 7 Week
Online Multiple Professors Continuing Education Students - 14 Week

Sheridan Policies

It is recommended that students read the following policies in relation to course outlines:

  • Academic Integrity
  • Copyright
  • Intellectual Property
  • Respectful Behaviour
  • Accessible Learning
All Sheridan policies can be viewed on the Sheridan policy website.

Appropriate use of generative Artificial Intelligence tools: In alignment with Sheridan's Academic Integrity Policy, students should consult with their professors and/or refer to evaluation instructions regarding the appropriate use, or prohibition, of generative Artificial Intelligence (AI) tools for coursework. Turnitin AI detection software may be used by faculty members to screen assignment submissions or exams for unauthorized use of artificial intelligence.

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.


[ Printable Version ]

Copyright © Sheridan College. All rights reserved.