Procurement in Project Management - What You Need to Know
Have you ever found yourself responsible to buy something for your project? Did you know what to do? Or even how to get started?
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.
Join Diana Lindstrom, author of “Procurement Project Management Success: Achieving a Higher Level of Effectiveness,” for an enlightening conversation about procurement within projects.
Diana Lindstrom has more than 25 years of experience as an electrical engineer and project manager working in electrical power and facilities management, design, construction, and maintenance. As a former certified Project Management Professional (PMP®), she managed projects ranging from small designs in a nuclear power plant, designs in electrical system transmission substations, and large construction projects in various industries. She also managed R&D projects in nondestructive assaying of nuclear materials. She also developed and taught a project management course in the adult continuing education program at the University of New Mexico, Los Alamos, after working at Los Alamos National Laboratories.
Having gained considerable procurement experience actually performing simple to complex procurements as a project manager, Diana was hired by a major telecommunications company with the specific intention of bringing her project management knowledge into the procurement department. She held the position of strategic sourcing manager, which was fairly broad in scope. In this role her average procurement was $100 million spend per year. The largest was $250 million spend per year. Utilizing her legal training and negotiations skills, along with her project management skills, she implemented programs that saved the company many millions of dollars each year.
Following her career as an electrical engineer, project manager, paralegal, and supply management professional, Diana became a certified life coach (CTACC) and founded Los Lobos Consulting, a firm specializing in executive coaching.
After four years of honorable service in the United States Navy, Diana earned her Bachelor of Science Degree in Electrical Engineering from San Diego State University. She earned her Project Management Professional (PMP®) certification from the Project Management Institute. She has been a member of the Project Management Institute (PMI), Institute of Electrical and Electronics Engineers (IEEE), National Fire Protection Association (NFPA), and continues to be a member of the Institute of Supply Management (ISM). She is now semi-retired and spends her time working with people who are searching for new ways to be successful, as well as writing and speaking on various topics.
NOTE: You must watch videos in their entirety and all the way through to the end for our system to record your viewing activity accurately. Learn more about PDUs on ProjectManagement.com.