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CAPM12 | Project Procurement Management – Preparing for the CAPM

CAPM12 | Project Procurement Management – Preparing for the CAPM

Terri Echegoyen and Mark Phillipy continue to study for the CAPM exam. In this session we cover Chapter 12 Project Procurement Management of the PMBOK. This is the twelfth session in the mentoring series “Preparing for the CAPM”. Mark and Terri study together out of the fifth edition of the PMBOK as Terri gets ready to take the CAPM exam.

Preparing for the CAPM Series


I received such great feedback about “Preparing for the CAPM” series, I have decided to increase its value to those who are preparing to take the CAPM exam. In doing so, I have packaged the series into a full blown CAPM Prep program. The new and better series is the center of the site. Select here to learn more about the SensiblePM CAPM Prep Program.

What is covered in this Session?

During the podcast you will learn about the following Procurement Management Processes:

  • Plan Procurement Management
  • Conduct Procurements
  • Control Procurements
  • Close Procurements

You will also learn about different type of contracts when procuring resources for projects including:

  • Fixed-price contracts
    • Firm Fixed Price Contracts (FFP)
    • Fixed Price Incentive Fee Contracts (FPIF)
    • Fixed Price with Economic Price Adjustment Contracts (FP-EPA)
  • Cost-reimbursable contracts
    • Cost Plus Fixed Fee Contracts (CPFF)
    • Cost Plus Incentive Fee Contracts (CPIF)
    • Cost Plus Award Fee Contracts (CPAF)
  • Time and Material Contracts (T&M)

New Project Manager Series

With this series coming to a close, I am looking for a new project manager or someone who wants to become a project manager to start a new mentoring series. The new series will be slightly different than this one. To find out about more check out this link: New PM Search.

Schedule Your Exam

With only a few more sessions before the end of this series, if you have not yet scheduled to take your exam, I encourage you to do so today. I found as I prepared to take the PMP exam, once I scheduled my exam, that commitment increased my focus and helped be be prepared. So…go schedule for your exam right now.

Share with your friends

If you are enjoying this series and it is helping you prepare for either the CAPM or PMP exam I would ask that you please share this with a coworker or friend. I am very interested in sharing this series with as many project managers as possible.

Thank you for sharing!


I would appreciate it if you would leave a comment below regarding your experience in preparing for either the CAPM or PMP exam. If you have tips for others on how to prepare for the test, I am sure others would appreciate the suggestions.

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