Unit code : L/650/3757 :Procurement Risk and Contract Management

RQF level: 7

Aim

This unit aims to help learners understand the fundamentals of procurement as well as the importance of detecting and managing procurement and contract management risks. Learners will also get a critical grasp of diverse procurement legislation frameworks and evaluate risk assessment frameworks in the procurement environment.

Learning Outcomes and Assessment Criteria

Learning Outcomes When awarded credit for this unit, a learner will:	Assessment Criteria Assessment of this learning outcome will require a learner to demonstrate that they can:
1 Understand the fundamentals of contract management and procurement.	1.1 Define contract management and procurement. 1.2 Analyse procurement and contract management principles as they apply to a major multinational corporation. 1.3 Assess the significance of environmentally friendly procurement.
2: Be able to assess the procurement operating environment and legislation critically.	2.1 Evaluate the impact of legislative frameworks on public and private sector procurement. 2.2 Evaluate the European Union’s procurement function. 2.3 Assess the significance of creating “Contract Procedure Rules” and adhering to financial restrictions.
3: Understand how procurement activities are managed.	3.1 Evaluate the fundamental concepts and applications of category management. 3.2 Evaluate the influence of technology on procurement operations critically. 3.3 Analyse the usage of electronic contract opportunities advertising and electronic tendering. 3.4 Analyse the numerous hazards that come with e-tendering.
4. Understand the procurement and contract management risk management processes.	3.4 Analyse the numerous hazards that come with e-tendering. 4.1 Assess the procurement and contract management risk management variables. 4.2 Assess risk assessment frameworks in relation to procurement