What can we learn from contract management and apply to our roles, organizations and projects? Welcome to this two-part article where we’ll examine the CM profession and its people, processes, tools and key success factors. Its objective is to give you a basic understanding of the CM profession and their associations, roles, methods and tools, and success factors for managing their contracts to successful outcomes.
In Part 1 of this article, we reviewed the types of contracts, the CM methodology, profession and associations, and the role of the contract manager. Now we’ll review CM’s control tools, best practices, key success factors and the causes of failed contracts. Hopefully, this article and upcoming webinar will provide food for thought on how you can apply one or more of these to your PM role, organization or project.
Our webinar A Comparison and Contrast Between PM and CM Methodologies, Processes and Roles focused on contract management methodology and how it can be applied to an individual’s role and organization. Participants walked away from the webinar with renewed insight, and here the presenter tackles some of the questions from that session.
Agile methods deliver many benefits in terms of their flexibility to cope with changing requirements and priorities. However, this adaptability and reluctance to be tied down on scope can create contract problems when trying to form supplier agreements or outsource work. Part 1 of our two-part series covers the challenges of agile contracting and offers some of the packaged solutions created so far.
Many project managers don’t think they have any accountability in contract management because their organization has a procurement of contract management function. Nothing could be further from the truth.
In the ever-increasing speed trip down the ramp of badly made cost-cutting decisions, many mainstream manufacturers are compromising on the quality of their products. To help address this, we all need to more carefully monitor the quality of our supplier goods.
How you go about shopping for a consultant is critical. Most companies do it poorly rather than doing it well. This makes the entire process more frustrating, time consuming and expensive for all parties, consultants and customers alike. In the hope that some of this frustration can be minimized, we present an insider's guide to shopping for a consultant.
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