Tag: procurement

PM Tip, Week of 25 December: Guest tip!

Related Posts:PM Tip, Week of 11 DecemberPM Tip, Week of 18 DecemberPM Tip, Week of 3 JanuaryPM Tip, Week of 6 MarchPM Tip, Week of 21 August

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Contractor/Vendor Selection: Bridging The Communication Gap

Susan Peterson, M.B.A., PMP 2008, Copyright Susan Peterson, All Rights Reserved In the continuing series on outsourcing project work this month’s column addresses the challenges related to selecting those individuals and/or organizations that will provide the expertise needed for specific activities. All too often this process is filled with “communication disconnects” in documenting what is […]

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PMP® Challenge Question – 6/15

Here’s the question posed on 6/1: What do we call the narrative description of services to be supplied as part of a contract? Without the aid of multiple choices, this may appear difficult to answer, but there is one simple answer! Its a Statement of Work or SOW. Summer Break for PMP Challenge Questions — […]

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PMP® Challenge Question – 6/1

The question posed for today is “What does RACI stand for?” RACI is a technique which can be used for creating a RAM or Responsibility Assignment Matrix. The letters stand for Responsible, Accountable, Consulted, and Informed. Some articles about RACI add “VS” for Verifies and Signs Off. Well that one was easy! Here’s a question […]

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PMP® Challenge Question – 4/15

Happy Tax Day! Just a little late with the post since I took the day off in celebration. On 4/1, I asked what does each abbreviation stand for: CR – Cost Reimburseable. This is a contract where the seller is reimbursed for their costs. There is usually a fee or some other payment representing the […]

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Outsourcing Sounds Good — But What’s The Cost?

By: Susan Peterson, M.B.A., PMP Copyright 2008, Susan Peterson, All Rights Reserved Continuing the column series theme of outsourcing, let’s assume that you’ve decided that your project has some definite needs for expertise and/or skills that are not found or that are not readily available inside your organization. As mentioned in last month’s column, the […]

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PMP ® Challenge Question – 4/1

On March 15th, the challenge was: You have finished project management training and desire to earn your PMP® credential. What are some constructive ways you can go about applying your new knowledge and obtaining your first project management assignment at your company? Certainly one of your first steps might be a discussion with your manager. […]

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“Yours, Mine, or Ours”: Is Outsourcing the Answer?

By: Susan Peterson, M.B.A., PMPCopyright 2008, Susan Peterson, All Rights Reserved Both private and public service sector organizations face an ongoing challenge to determine whether functions should be performed internally or externally. While much is written about how to make this decision from an organizational strategic perspective, there are few guidelines for the project manager […]

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PMP® Challenge Question – 8/15

Before we look at a new question, let’s take a look at the answer to the 8/1 challenge. In it, I stated that many PMI components have some controls or policies in place to prevent preferential treatment to active volunteers at the expense of the general membership. For larger components with more procurement needs, the […]

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PMP® Challenge Question – 8/1

Here’s a question from real life this week! Many, if not most, PMI components have some controls or policies in place to prevent preferential treatment to active volunteers at the expense of the general membership. For larger components with more procurement needs, the challenges include providing fair treatment for all stakeholders, including minorities, veterans, volunteers, […]

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