Project Management

Conversations in Procurement Management


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OSCAR PIERRE REYES BRIONES · Mar 19, 2024
Replies: 2 2 Votes: 0 0
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Rami Kaibni
Mar 20, 2024
Rami Kaibni replied Mar 20, 2024
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Jeremick Agudelo · Oct 24, 2023
Replies: 5 5 Votes: 0 0
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Rami Kaibni
Oct 26, 2023
Rami Kaibni replied Oct 26, 2023
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Enrique Aparicio · Jul 16, 2019
Replies: 26 26 Votes: 1 1
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Edward Calllaghan
Oct 24, 2023
Edward Calllaghan replied Oct 24, 2023
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Top Influencers

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Manish Mohandas Mumbai, Maharashtra, India
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Alfredo Armijos De La Cruz Co-founder | Risk Advisor | Professor | Researcher| Aristeia Corp. | Resiljects Inc. Guayaquil, Guayas, Ecuador
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Barbee Davis Owner| Davis Consulting Omaha, Ne, USA
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Dr David Jones Management Consultant| PA Consulting United Kingdom
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Andy Jordan President| Roffensian Consulting S.A. Doral, Fl, USA
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Mark Mullaly President| Interthink Consulting Incorporated Toronto, Ontario, Canada
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JOHN GALYON Portfolio Manager| Duraline Knoxville, Tn, USA
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Mujahid Akhtar Specialist, Projects| Al Yasat Petroleum Operations Co. - ADNOC Group Abu Dhabi, Abu Dhabi, United Arab Emirates
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Bruce Harpham Editor & Author| ProjectManagementHacks.com Toronto, Ontario, Canada
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MARK A ANNUNZIATA, Sr VP/EXPERT CONSULTANCY TO THE CONSTRUCTION INDUSTRY| ROMAN STRUCTURES, INC WELLINGTON FL Dammam, Eastern Province, Saudi Arabia

See all Procurement Management Influencers


Advance Your Career

Procurement Management – Important Concepts in Partner Selection

by Manish Mohandas
December 10, 2021 | 60:24 | Views: 11,770 | PDUs: 1.00 | Rating: 4.39 / 5

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.

Procurement Management – Review of Important Concepts

by Manish Mohandas
November 16, 2020 | 61:40 | Views: 5,397 | PDUs: 1.00 | Rating: 4.26 / 5

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.

See all Procurement Management On-demand webinars

Save Time With Tools + Templates

Materials Procurement Cycle Tracking Log

deliverable
by Abdelrhman Elfky

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.

Procurement Management Register

PREMIUM deliverable
by Stefan de Vries

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.

Green Projects Procurement System

PREMIUM deliverable
by Stefano Pittaluga

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.

Overview of the Project Management Process

presentation
by John Galyon

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

4 Ways to Reduce Costs in Healthcare Design Projects

by Andrea Rufe, Andy Snyder and Molly Wolf

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.

3 Keys to Better Contract Management for Project Managers

by David Jones

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.

Topic Teasers Vol. 151: Contracts for a PM Contractor

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

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?

Dealing with Development Regulations: 7 Tips for Public Project Managers

by Hope Gibson

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.

Always Understand Your Contracts!

by Andy Jordan

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.

Topic Teasers Vol. 137: Lowering Software Purchasing Risk

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

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?

Vendor Selection and Trust in the Age of Search Engine Optimization

by Brian Galhouse, PMP

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.

4 Essential Considerations for Supplier Selection

by Shaoping Cao

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.

Before You Dive In...Make Sure the Water Is Warm

by Brent Langevin

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?

Dealing With Delays in EPC Projects

by Mujahid Akhtar

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.

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