Project Management

Better Planning in Project Management WILL Lead to Success

do our jobPlanning procurements is the process of determining what resources or materials will be needed which come from outside of the organization. Since the services come from outside of the organization, particular attention has to be spent on potential risks, additional costs, and the strength of communication between the two groups. It’s through a mastery of this step that project managers and leaders can save both time and money—and potentially the success of the project.

As explained in this article on PM Hut by Jeremy Siegel, it’s important to be both pragmatic and aware of what needs to occur when planning procurements: this includes establishing contracts that are favorable and flexible, understanding scope, and how you can make it easier for prospective vendors to understand what is needed and if they are indeed the best fit.

 

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