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Project Management Blog

At some point in their lives, many projects need the expertise of external third parties to ensure that certain activities are carried out. Much research and advice is available in the practice of supplier and vendor management, ranging from procurement techniques to establishing Key Performance Indicators and Metrics management. In this article, we point out a few key elements that the three of us usually find important when working on a project with suppliers and vendors. As a project manager, it is important that you embody the philosophy you want your team to adopt with suppliers and vendors – it sets the tone for success.

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I wrote this in response to a friends inquiry about Outsourcing. The basic risks, concerns and strategy of outsourcing as I see them today are: The basic risks, concerns and strategy of outsourcing as I see them today are:

1.    Language Barrier - this often makes requirements gathering sessions harder. It takes longer which is more costly both in terms of capital dollars and opportunity costs.
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