Planning

 the  project
Crea1ng  your  PROJECT  MANAGEMENT  PLAN
Supplier  management

16.  Define  and  plan  your  External  Supplier  requirements  for  the  
project.  

• Known  as  Procurement  Management  (PMBOK®).

• Hiring  an  external  company’s  services  /  facili1es.

•  Can  require  specialized  knowledge.

• Seek  senior  PM  assistance  and/or  legal  expert  advice  as  
required.
• RFI,  RFP,  IFQ.
• Contract  types
• Fixed  Price.
• Cost-­‐reimbursable.
• Time  and  Materials.
 Planning  the  project
Crea1ng  your  PROJECT  MANAGEMENT  PLAN
Supplier  management

• Main  steps
• Decide  what  you  need  to  contract  out  to  3rd  party.
• Decide  which  is  the  most  suitable  type  of  contract.
• Prepare  a  contract  Statement-­‐of-­‐Work  (SOW).
• Invite  bids  from  Suppliers.
• Evaluate  responses.
• Carry  out  contract  negoIaIons  as  required.
• Sign  contract  with  selected  Supplier.

               Note:  check  whether  your  company  has:

• A  preferred  list  of  Suppliers  e.g.  for  hardware  procurement.
• Standard  contracts  /  terms  of  engagement.

Create  a  SUPPLIER  MANAGEMENT  sec1on

 in  your  PROJECT  MANAGEMENT  PLAN.