MGMT79011
Managing Project Procurement and Cost
Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 
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 - 7 Week
In-Class Multiple Professors Continuing Education Students - 14 Week
Online Multiple Professors Continuing Education Students - 14 Week

Sheridan Policies

All Sheridan policies can be viewed on the Sheridan policy website.

Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

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. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. 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.


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