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  3. Managing Risk, Quality, Cost & Procurement

Managing Risk, Quality, Cost & Procurement

This course integrates risk, quality, cost, and procurement management, equipping learners to anticipate issues, control budgets, ensure quality, and manage vendors for successful project delivery.

John Sumanth Vemuri
John Sumanth Vemuri
Business | core | 9 hours |   Published: Oct 2025

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Overview

STUDENTS*
RECOMMEND*

This course includes:

  • On-demand videos
  • Practice assessments
  • Multiple hands-on learning activities
  • Exposure to a real-world project
  • 100% self-paced learning opportunities
  • Certification of completion

Projects succeed when uncertainty is managed, quality is engineered, budgets are controlled, and vendors are aligned. This course unifies four PMBOK knowledge areas—Risk, Quality, Cost, and Procurement—into a single, practice-first experience. Learners progress from building risk registers and probability–impact matrices to drafting quality plans, estimating and controlling costs with Earned Value Management, and preparing procurement documents that stand up in real-world vendor negotiations. By the end of the course, learners can confidently anticipate issues, protect value, and make timely, data-driven decisions that keep projects on track.

Skills You Will Gain

Project Lifecycle Training
Trello for team Projects
Google Sheets for Project Tracking
Real-World Project Management Skills
Tools for Project Managers

Learning Outcomes (At The End Of This Program, You Will Be Able To...)

  • Identify, analyze, and prioritize project risks; plan responses and monitor residual risk throughout the lifecycle. 
  • Create and apply a Quality Management Plan that defines standards, metrics, assurance, and control activities. 
  • Develop cost estimates and a cost baseline; measure and control performance using EVM and forecasting techniques. 
  • Plan and conduct procurements, select vendors using structured criteria, and administer contracts ethically and effectively. 

Prerequisites

This course requires basic computer literacy and an eagerness to enhance organization, communication, and delivery skills. No prior project management experience is necessary.

Who Should Attend

This course is ideal for students, entry-level professionals, mid-level employees transitioning into project management, and entrepreneurs or freelancers managing client projects and timelines.

Curriculum

Instructors

*Where courses have been offered multiple times, the “# Students” includes all students who have enrolled. The “%Recommended” shown is also based on this data.
1Chapter 1: Systematic Risk Identification
2Chapter 2: Qualitative & Quantitative Risk Analysis
3Chapter 3:Planning Responses and Monitoring Risks
4Chapter 4:Planning Quality (Standards, Metrics, Checklists)
5Chapter 5: Quality Assurance vs. Quality Control
6Chapter 6: Root Cause & Continuous Improvement
7Chapter 7: Cost Estimating and Budgeting
8Chapter 8: Controlling Costs with Earned Value
9Chapter 9: Procurement Planning and Contracting

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

John Sumanth Vemuri

John Sumanth Vemuri

John Sumanth Vemuri is an experienced Customer Relationship Management expert, Scrum Master, and IT Project Manager with over 10 years of experience. He has a demonstrated history of working in the consumer goods industry, with skills in people management, call center operations, Telecommunications, Customer Service, and Strategy, along with expertise in NPS. He has managed large-scale complex digitization projects worth more than $5 million, improving customer experience. With an MBA in Operations Research from the Indian Institute of Management, Lucknow, John Sumanth is proficient in driving customer success, project management, agile methodologies, and digital transformation initiatives.
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You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!

You need to enroll in this course to access the curriculum. Click 'Enroll' to get started!