Students will explore the various methodologies of procurement within the project management context. They will develop a vendor management plan and a project procurement strategy and then create, execute and control the procurement plan. Students will determine the make or buy decision and communicate the rationale to key stakeholders and project vendors. Students will also evaluate source selection criteria, contract and the legalities of project procurement for their own business and within a business. Students will learn about negotiation strategies and apply them as they execute and control the project procurement plan.