A procurement management plan documents how a project will conduct its procurement (purchasing). In the Project Management Body of Knowledge (PMBOK Guide), it is the component of the overall Project Management Plan that deals with external purchasing for the project. It is separate from the statement of work (SOW), also known as the terms of reference (TOR) which … [Read more...]
The Procurement Process
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 … [Read more...]
Guide to Project Procurement Management
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 … [Read more...]
Project Procurement Management According to the PMBOK
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...]
10 Doctrines of Procurement Management
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...]
11 Tips for Bulletproof Vendor Management
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...]