Question: Due to major cutbacks at my organization, I have been asked to work on getting new software that we need to update. In the past, we had a procurement department to do this. Since they were all let go, finances are at a low level for us. How can I quickly get myself up to speed so that I lower the company risk when we sign a new software contract?
As any Project Management professional would appreciate, Procurement Management is an important element of managing complex projects. Through this webinar/series of webinars, Manish will discuss important concepts of Procurement management like types of contracts, standard forms with a brief overview of FIDIC documents as an example, Instructions to Bidders (ITB), importance of independent estimates, change management, Extension of time (EOT), Payment terms, Price escalation, Suspension and termination of contract, types of securities, Force Majeure and finally dispute resolution. These concepts will be discussed with examples and case studies.
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Según el reporte PMI Pulse of the Profession 2018, aproximadamente el 50% de los proyectos no llegan a cumplir con el presupuesto original ni con el tiempo establecido para su ejecución, monitoreo y cierre. Casi 47% de estos proyectos sufrieron corrupción de su alcance original, siendo considerados como un fracaso en su gestión integral. Son estadísticas que alertan a la disciplina de la dirección de proyectos a tomar acciones inmediatas para su mejora. La auditoría aporta un valor significativo en la gestión del ciclo de vida de un proyecto, desde sus fases de conceptualización y pre-factibilidad, hasta su transición a la operación y medición de generación de valor mediante la gestión de realización de sus beneficios. Dicha relevancia es evidenciada, al incluir a la auditoría como una herramienta y técnica en algunos de los 49 procesos descritos en el PMBOK. No obstante, en la actualidad no existe un estándar de auditoría claramente difundido y entendido en la comunidad de Dirección de Proyectos, que brinde lineamientos claves sobre que documentos y técnicas lúdicas pueden contribuir en la detección de anomalías en cualquier punto del proyecto y sobre cualquier área de conocimiento, y que permita establecer acciones correctivas/preventivas previo al fracaso. Como consecuencia, es de vital importancia transmitir a los directores de proyectos la necesidad de aprender nuevas herramientas analíticas de auditoría, que les permitan evaluar el desempeño general en la administración de un proyecto, con el propósito de garantizar el éxito en la consecución de sus objetivos alineados a los beneficios esperados por la organización ejecutora.
All project managers have to buy something, either goods or services. When you have a procurement professional on your team, you can manage the procurement as a subproject. But when you have to do the procurement yourself, you need to know exactly what has to be done, and when.
Save Time With Tools + Templates
Use this template to monitor and control the procurement cycle of materials during a project. It helps you track procurements by comparing planned activity dates with actual activity dates, allowing you to forecast/adjust progress.
Keep track of equipment for your project using this simple Excel log.
This document can be used to manage procurements in your project. A procurement is the process of acquiring products or services from third parties. This process includes any preparations, the actual purchase and controlling the compliance with a contract or agreement.
While actively participating in mentorship during a project with a local design/build firm, this practitioner compiled an overview of the project management process as detailed in PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Use this overview with other project managers as a tool to reference in your day-to-day PM activities (as well as share with new project managers).
Learn From Others
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.
The Pay for Success (PFS) approach provides a compelling “try before you buy” platform for conducting a new product or service analysis. Is there a way to “experience” the needs and challenges of engaging in a PFS initiative, and to “visualize” the potential benefits of the offering, without a large commitment of resources to such an up-front effort?
Delays in engineering, procurement and construction projects almost feel inevitable. However, they can be avoided if we understand and identify their causes before the start of the project—and try to mitigate the gaps during the project lifecycle.
Coordination in the Supply Chain Management of Complicated Engineering, Procurement, Construction and Commissioning Projectsby
Coordination plays an important role in both project and supply chain management, especially in regard to complicated engineering, procurement, construction and commissioning (EPCC) projects. Analysis of supply chain management for a floating production storage and offloading unit (FPSO) building illustrates the differences between traditional-industry and complicated EPCC projects.
In his first article, the author examined design and preconstruction in tier 1 construction projects (over US$ 100 million). This entry in the series explains the contracts and contractor requirements for planning. The project management plan consists of multiple parts requiring contractor submittal and owner approval. The elements of the plan are described along with instructive stories and lessons learned.
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.
Winning contracts is a team effort. An organization must practice transparency so that project managers have enough information to understand the wider picture to focus their projects on creating business value.
When evaluating the acquisition of a company, many organizations emphasize the financial aspects but downplay facets of the consolidation dealing with project execution. This paper examines the major considerations and discusses how to improve the integration process to avoid negative impact.
Did you ever have to call a project team back because the project was delivered and support was not set up? Not setting up support can give a good project a bad name. Throughout the phases of a project, support should be defined, planned, and set up. Be well prepared by asking the basic questions outlined in this article.
Vendor management is a key activity in any project but literature often overlooks the vendor’s point of view. While there can’t be a “one-solution-fits-all” strategy to the challenging activities involved in making your pitch, the author, working with an IT service provider, shares his recipe for winning the client.
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