Question: We’re doing a construction expansion and I have some internal people that could do part of the work. Would I be better off to use them along with a hired architect and construction team to save money, or should I let the architectural firm take care of everything? Time is an issue!
Outsourcing of clinical trials is frequently done by pharmaceutical companies because they don’t have the expertise to run those trials, they need to expedite the timelines, or they are working at capacity. In this article, we explore key outsourcing activities for Phase I clinical trials from a PMBOK® Guide lens to identify key success factors.
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See all Procurement Management Influencers
While procurement processes should be fair, that doesn’t mean that they can’t be efficient. The challenge is designing procurements with that outcome in mind. Good and effective procurements are indeed possible, but they need to be consciously planned to proceed smoothly and well. If you struggle with how to procure efficiently and effectively, this is a webinar that you won’t want to miss.
As multiple data sources and analysts indicate recession may not be far from our horizon. Learn what changes to your project plan are required to navigate during these difficult times.
As any Project Management professional would appreciate, Procurement Management is an important element of managing complex projects. In his webinar in November 2020 (Titled “Procurement Management – a review of Important concepts”), Manish had discussed important concepts of Procurement management. Based on the feedback received from the previous webinar he has attempted to cover various aspects of selection of suppliers, contractors, consultants and other vendors (addressed as partners in general). The concepts of identifying and shortlisting partners based on technical competence and financial capability etc. will be discussed. Further the aspect of assessment of bid capacity for a particular project based on the partner’s position at any given point in time will also be discussed. These concepts will be discussed with examples and case studies. This webinar should help the Project Management professionals select the right partners to enable an efficient and effective procurement for their projects.
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.
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.
This template and its instruction sheet is aimed at project managers of solar projects for managing the procurement system process. It allows you to create and manage different procurement process data (item types, supplier list, contacts by suppliers); to create an RFP, linking it to a restricted list of preferred suppliers; to send automatic email to selected suppliers belonging to a certain RFP; to create a standard form email; to calculate forecasted date of answer from supplier; and report overdue dates.
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).
This checklist provides ideas for reducing, containing or preventing costs during contract negotiations for technology projects.
Due to the nature of the regulatory landscape and the complexity of the healthcare system, MedTech startups experience a higher level of uncertainty and risk. This PM shares his first-hand experiences from a startup launch in this sector.
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.
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.
Question: Due to my success as a project manager in the traditional marketplace, I have opened my own business as a contractor for unique projects. I’m having some trouble with the financial side of things. How can I make sure I’m covering my own expenses and profit, while also protecting my customers from feeling uncertain about the cost for my services?
There are several things you can do when presented with development requirements that either don’t seem appropriate for your project—or that present unintended consequences for the often unique, typically very custom projects that public project managers are regularly assigned.
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.
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?
We can’t always do it all ourselves. Choosing the right vendor is critical to your project’s success. Ensuring your goals are aligned, conducting deep due diligence, and creating a win-win scenario will get you there. This article looks at approaches to help you gather accurate information about your vendor and their capabilities.
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?
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