Once your project goal is identified, one of the most important aspects of project management is identifying the resources required, the costs involved and calculating the overall budget to achieve the project goal. What happens if the internal resource is committed to other tasks or the skill is not available internally? Projects often need resources from outside the organization. This tutorial will teach you how to get products and services from outside organizations at a price and time that suits you.

Objectives
On completion you will be able to:

• Identify the key components of a formal solicitation
• Compare providers in terms of multiple criteria
• Identify the key contract types