Tag: Procurement Strategy
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.…
Project Procurement Management: The Strategic Backbone of Project Delivery
Introduction: Why Procurement Deserves More Respect When you hear the word “procurement,” what comes to mind? Probably paperwork. Maybe vendor quotes. Possibly that one painful delay caused by a supplier who ghosted you mid-project. Now think again. Project Procurement Management is more than administrative fluff — it is one of the most strategic and high-impact…
Debunking the Myth: Project Procurement Management Is a Simple, Linear Process
The Set-It-and-Forget-It Trap Picture this: you draft a procurement plan, sign a contract, and assume it’s smooth sailing from there. Sounds nice, right? Too bad it’s a fantasy. The myth that Project Procurement Management is a simple, linear process has lured many project managers into a false sense of security—only to watch their projects veer…
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…
