Project procurement can make or break a project. From navigating legal requirements and extensive documentation to managing vendors and suppliers, the process is fraught with challenges that can significantly influence a project's success. Hence, project procurement is a pivotal yet complex journey for any project manager. In that spirit, this article offers a clear … [Read more...]
Project procurement management is a critical yet dynamic aspect of delivering successful projects. Whether due to limited expertise, resource constraints, or strategic decisions, most projects rely on external resources—sourced internally from the parent organization or externally through vendors. While procuring these resources can be an exciting opportunity to … [Read more...]
A Statement of Work (SOW) is a critical project management document that outlines the work required from external contractors, vendors, or suppliers. Whether embedded in a contract or issued as a standalone document, the Project Management Body of Knowledge (PMBOK) defines the SOW as the technical description of a project component’s work. It is generally interchangeable … [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...]
