Tag: Contract Management
The $3.8M Vendor Trap: How “Safe” Procurement Choices Kill Projects
“This vendor choice is a no-brainer. Everyone uses them.” Famous last words from our procurement committee as they prepared to sign a $3.8M contract that would have been our project’s death sentence. The vendor had everything we thought we wanted: Fortune 500 clients, 20 years of experience, and a proposal that checked every requirement box.…
Procurement: The Unsung Hero of Project Success
The Vendor That Almost Sank Us Picture this: a tight deadline, a critical hardware delivery, and a vendor who swore they’d deliver. Two days before go-live, they ghosted us. No parts, no answers—just panic. We scrambled, found a backup supplier, and pulled it off, but the stress shaved years off my life. That day, I…
Mastering Project Procurement Management for Business Success
Introduction Procurement in project management is much more than just buying goods and services. It involves strategic planning, risk assessment, vendor management, and cost control to ensure project success. Many organizations struggle with procurement inefficiencies, leading to cost overruns, quality issues, and delivery delays. In this guide, we’ll explore how to master Project Procurement Management…
