Procurement can be one of the most challenging roads that the project manager must travel. The legal implications, documentation, and vendor and supplier management responsibilities can introduce speed bumps that can have a significant impact on project success. We know, because we've been there. In short, project procurement can make or break a project. In that … [Read more...]
Due to expertise or resource constraints, many projects require external resources to complete their work. These resources can come from either the project's parent organization or from external sources. But regardless of how they are obtained, project procurement is one of the most exciting areas of project management but also results in the biggest headeaches for the … [Read more...]
Projects don't manage themselves. Professional project management requires the development of a plan that outlines how it will be managed. According to the Project Management Body of Knowledge (section 4.2), the project management plan fulfills this purpose. Although it includes any and all items that define the management of the project, there are certain standard … [Read more...]
Most projects require some form of external purchasing (procurement) in order to meet their goals. Executing these procurements to fulfill the needs of the project falls under the knowledge area of Project Procurement Management. Contractors usually have better expertise or experience and can provide a higher quality product. But often they are not … [Read more...]
Contractual issues between organizations performing a project can be costly and time consuming, not to mention embarrassing for a project manager. I hope you've never experienced major contract disputes with a subcontractor or subconsultant, but in any case, be sure to heed the following 10 doctrines to make sure your projects stay out of trouble. Project Management is … [Read more...]
If there's anything that can get a project manager's reputation into the toilet in a hurry, it's contractual issues with vendors. I've seen a few messy issues in my time, and I don't wish this on anyone. Fortunately there are things you can do on the front end to ensure it doesn't happen to you. Follow these 11 tips to ensure your projects stay out of contract … [Read more...]
