Course Description:
Type: self-paced, online
Description: This Procurement U online course examines the use of cost analysis and price analysis as tools in public procurement, particularly when reviewing responses to a solicitation. The course defines both analysis types and describes methods used in their application. The course also discusses the impact of different pricing decisions and outlines factors to consider when determining whether a price is fair and reasonable.
Course Technology Requirements:
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Internet connection
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Support web browsers:
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Recommended: Chrome, Firefox, Safari (latest versions)
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If prompted, accept all cookies and allow popups
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Access to Procurement U LMS
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Ability to play and listen to audio through computer speakers or headphones
Suggested Audience: Public procurement professionals seeking an introduction to techniques used in cost analysis and price analysis to support procurement decisions.
Contact Hours: 3
CEUs:.3
Universal Public Procurement Certification Council (UPPCC) Certification Alignment:
Certified Professional Public Buyer (CPPB)
Domain III. Procurement Life Cycle: Sourcing & Supplier Selection:
o Competency E. Evaluate solicitation respondents and responses
Domain VI. Procurement Business Principles
o Competency A. Apply concepts of transparency and fair and open competition
Certified Public Procurement Officer (CPPO)
Domain I. Procurement Organization Business Principles:
o Competency A. Apply concepts pf transparency and fair and open competition
o Competency G. Manage procurement business plan and budget
Domain III. Strategic Procurement Planning:
o Competency B. Conduct analyses to support strategic procurement activities
Domain IV. Sourcing & Supplier Selection
o Competency D. Establish and manage the sourcing and approval process