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 with AI

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.

AI Systems with Claude, for Scrum Masters and Project Managers

Most AI pilots in project management do not fail on the model. They fail because somebody pointed the thing at a decision instead of at a task. This course is built around that distinction, and around the work that follows once you get it right.

Eight teaching sections, taught against one running project from the first lecture to the last. You watch a system get built, then you build the same one against your own sprint. Nothing here is a demo that works only on the example.

You finish with five working systems and you keep them. The sprint report machine turns your board export and standup notes into the report you currently write by hand. The retro intelligence system tells you what the team keeps saying, not just what it said this time. The stakeholder comms engine drafts the update in the register the audience expects. The backlog health monitor flags the quiet decay nobody has time to check for. The risk and dependency tracker follows the chains that actually bite.

Seventy-six working files ship with it, across four sections, so every system is built against real sprint data rather than material invented for a slide. Four sprints of retrospectives, board exports, standup notes, backlog and risk data.

Explore the Course


Build the Sprint Reporting System, Not Another Prompt

AI Systems with Claude is our own course for Scrum Masters and Agile Project Managers, taught against one running project across eight teaching sections. You build five working systems and keep them: the sprint report machine, the retro intelligence system, the stakeholder comms engine, the backlog health monitor, and the risk and dependency tracker. Direct from HK School of Management, not on Udemy.

See What Is Included