How to Get a Job For Project Managers

Learn how to write resume and interview

Leadership for Project Managers

Learn how to lead and drive project success.

Project Management Bootcamp

From a beginner to project management professional.

Agile Project Management and SCRUM with AI

Learn to run Scrum and Agile with AI.

Procurement Strategy

The buyer's plan for choosing the project delivery approach and the form(s) of enforceable contract to achieve the desired results.

Key Points

  • Specifies how the project will be delivered (for example, design-bid-build, design-build, EPC, or phased delivery).
  • Selects contract type(s) and pricing models (fixed-price, cost-reimbursable, or time and materials) to align risk and incentives.
  • Informed by risk, complexity, schedule, budget, market conditions, and make-or-buy analysis.
  • Guides solicitation method, supplier selection, negotiation approach, and contract governance.

Example

A city plans a new water treatment facility. The buyer chooses a design-build delivery method and a fixed-price contract with schedule incentives. This procurement strategy drives the RFP content, prequalification of vendors, and the negotiation plan.

PMP Example Question

During planning, the project manager must decide between design-build and design-bid-build and whether to use a fixed-price or cost-reimbursable agreement. Which document captures these decisions?

  1. Procurement management plan
  2. Procurement strategy
  3. Source selection criteria
  4. Statement of work

Correct Answer: B — Procurement strategy

Explanation: The procurement strategy records the chosen delivery method and contract type; the plan describes the overall procurement process, the criteria define how offers are evaluated, and the SOW describes the work to be done.

Agile Project Management & Scrum — With AI

Ship value sooner, cut busywork, and lead with confidence. Whether you’re new to Agile or scaling multiple teams, this course gives you a practical system to plan smarter, execute faster, and keep stakeholders aligned.

This isn’t theory—it’s a hands-on playbook for modern delivery. You’ll master Scrum roles, events, and artifacts; turn vision into a living roadmap; and use AI to refine backlogs, write clear user stories and acceptance criteria, forecast with velocity, and automate status updates and reports.

You’ll learn estimation, capacity and release planning, quality and risk management (including risk burndown), and Agile-friendly EVM—plus how to scale with Scrum of Scrums, LeSS, SAFe, and more. Downloadable templates and ready-to-use GPT prompts help you apply everything immediately.

Learn proven patterns from real projects and adopt workflows that reduce meetings, improve visibility, and boost throughput. Ready to level up your delivery and lead in the AI era? Enroll now and start building smarter sprints.



Advance your Lean Six Sigma expertise!

HK School of Management helps you take Lean Six Sigma to the next level—without the overwhelm. Master advanced statistical tools, Excel-based analysis, and real-world improvement techniques to solve complex problems with confidence. For the price of lunch, you get practical templates, guided examples, and hands-on project experience you can use immediately at work. Backed by our 30-day money-back guarantee—zero risk, real impact.

Learn More