Advanced Master

Procurement and risk management, and close-out of the project

Hours: 8


Procurement Management of the project

  • Phase of procurement process.
  • Supplier list.
  • Purchase phases.
  • Materials management.

Risk Management of the project

  • Identification of project risks.
  • FMEA and Hazop method, and risk assessment.

Close-out of the project

  • Goals and close-out planning.
  • Pre-commissioning, commissioning and start-up.
  • Critical review of company results and feedback.
  • Contractual guarantees and after-sales service.


Aims and intended learning outcomes

  • Analysis, characterization of procurement activity.
  • Use of methods for assessing project risks.
  • Identification and characterization of project close-out activities.

Recommended textbooks

  • Project Management Institute:  A Guide to the Project Management Body of  Knowledge – Firth Edition – 2013.