Project Cost and Procurement Management
Project Cost and Procurement Management is the proficient execution and coordination of activities related to estimating, budgeting, financing, and controlling costs, alongside acquiring goods and services, to deliver Facilities Management projects within the organization's financial constraints.
Level 1: Emerging
At an emerging level, you are learning to comprehend the basics of Project Cost and Procurement Management. You're gaining proficiency in budgeting, tracking costs, and navigating FM procurement processes.
Level 2: Proficient
At a proficient level, you are skilled in managing project costs and procurement effectively within the context of Facilities Management. You can develop and implement cost-effective strategies while ensuring quality and compliance.
Level 3: Advanced
At an advanced level, you are proficient in conducting detailed cost analysis, negotiating contracts, and managing procurement processes specific to facilities management, ensuring optimal financial outcomes and resource efficiency.
