Join Bob McGannon for an in-depth discussion in this video Involving vendors and partners in planning, part of Project Management Foundations: Procurement.
- As I have shared, there are lots of potential gotchas…that can bite you as you procure the products…and services for your project.…The good news is you can sometimes mitigate risk…by involving vendors and partners…in project planning activities.…Let's start with the gathering of your requirements.…This is a necessary activity…if you're going to release a RFP.…If documenting requirements is something…your company doesn't do very often,…or you don't do it well, you would be wise to consult…with a vendor to assist with…requirements related activities.…
So, to help you out, you can leverage…vendors in the following ways.…Establish a time-and-materials contract…with business analysts to assist with the development…of the requirements, establish…a time-and-materials contract with…senior business analysts to lead the development…of requirements for your team, or establish a fixed-fee,…or cost-plus type contract with a company to develop…the requirements, with assistance from your project team.…This helps hold the vendor accountable for the creation…
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- What is project procurement?
- Should you buy or build?
- Putting procurement tasks in your schedule
- Understanding contract types
- Ensuring flexibility with the statement of work
- Exploring payment scheduling options
- Testing your market
- Using RFIs, RFQs, and RFPs
- Overcoming challenges