See why failing to communicate project objectives is a pitfall. Follow a set of steps to reduce the likelihood of your vendor misinterpreting the purpose of what you're asking for.
- Garbage in, garbage out. … That's an old expression meaning … that what you get out of something can only be as good … as what you put into it in the first place. … In the same light, … if you don't clearly communicate what you want, … you could very well end up getting garbage … out of your procurements. … And since money is being spent with external parties, … this could turn out to be a costly mistake. … It sounds like common sense, … but common sense isn't always common. … You might think you know what you want, … but you might not clearly communicate it to your vendor. … This is where the potential disconnect begins … between what you perceive the project objectives to be … and what your vendor perceives them to be. … As good as your vendor might be, … I'm willing to bet they're not good mind readers. … And since they're not mind readers, … if you don't make your intentions clear, … they'll try to interpret what you want, … a.k.a. read your mind. … This is a recipe for disaster. …
- Defining procurement management
- Identifying the project manager’s role
- Tailoring procurement techniques for your organization
- Dealing with conflicts of interest
- Controlling procurements
- Implementing procurements in six stages
- Rapid procurement
- Reverse auctions
Skill Level Intermediate
Project Management Foundations: Integrationwith Oliver Yarbrough44m 25s Intermediate
Project Management Foundations: Scheduleswith Bonnie Biafore2h 7m Intermediate
Project Management Foundationswith Bonnie Biafore3h 20m Beginner
What to know before watching1m 27s
1. Procurement Management Overview
2. Common Procurement Pitfalls
3. Critical Procurement Success Factors
4. Procurement Management Processes
5. How to Implement Procurements
6. Emerging Trends: Project Procurement Management
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