This course builds a foundational understanding of the project management procurement processes, focusing on promoting collaboration between buyers and sellers to achieve shared goals. Students will explore the key steps in acquiring external products and services, source-selection and management, and contract closure. Students will learn the project procurement management life cycle including planning, competitive solicitations, negotiations, legal considerations, contract types, and procurement ethics through effective make-or-buy decisions, comprehensive plans, and leveraging outsourcing for optimal outcomes. Prerequisite: PRM 300.