Preparation Course for Certified Procurement Manager
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Course Details
- Introduction
- Objective
- Who should attend
Procurement plays a vital role in organizational success, directly impacting cost control, operational efficiency, and financial performance. The Certified Procurement Manager course is tailored for professionals who aim to enhance their expertise in procurement management, budgeting, and policy development. This comprehensive training provides participants with advanced skills in capital budgeting, cost management, and procurement strategy, ensuring alignment with legal, ethical, and operational standards.
Over five days, participants will gain practical insights into key areas such as investment appraisal techniques, cost control strategies, and developing procurement policies. The course also focuses on risk management, compliance, and creating KPIs to evaluate financial and non-financial performance. By the end of the program, attendees will be equipped to make informed procurement decisions that drive efficiency and support organizational goals.
Course Outline
Capital Budgeting and Investment Appraisal
- Understanding the time value of money
- Exploring investment appraisal techniques:
- Net present value (NPV)
- Internal rate of return (IRR)
- Payback period
- Comparing and selecting the right appraisal technique
- Discovering the use of sensitivity analysis in evaluating projects risks
- Discussing strategic considerations in assessing capital projects
- Guidelines for creating an effective capital budgeting framework
Course Video