Tag: PMI
Strategic Procurement in Projects – Cutting Costs Without Cutting Corners
Introduction: The Procurement Dilemma Procurement in project management is often viewed as a straightforward process: find a supplier, negotiate a price, and secure materials or services. However, seasoned project managers know that procurement is a high-stakes balancing act. Cut too many costs, and quality suffers. Prioritize quality without considering cost efficiency, and the budget spirals…