Contract management is a key tool for project managers, helping to articulate the written baseline of a project. But why is it so often neglected? Three key aspects can help project managers better understand its importance.
Suppliers play an important role in projects, so the supplier selection process is crucial. We can avoid some risks if we take the following considerations into account during the supplier selection process.
As operating costs and demand care continues to soar, it has become imperative to minimize financial risk in healthcare design projects. Here are four strategies that emphasize ongoing prioritization, repurposing, and collaborative delivery.
Negotiating prices during procurement does not only depend on the purchaser's soft skills or negotiation techniques; technical skills also have a role. In this article, the author shares technical ideas and advice that may lead to cost reductions or price discounts.
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.
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"Conventional people are roused to fury by departure from convention, largely because they regard such departure as a criticism of themselves." - Bertrand Russell |
