How to Reduce Risk and Avoid Cost During Vendor Procurement
Course Description
The vendor selection and procurement process is often overlooked and undervalued. The consequence can be higher cost of development, higher risk of getting less that what's expected, and a lack of protection once the vendor is gone. In this seminar, you'll learn about the five-stage procurement process and how a strategic team from legal services, procurement, and the PMO can lower the cost of procurement and increase your protection throughout.
Who Should Attend
All business and project executives considering using a vendor or all or a portion of the product development process.
What You Will Learn
- How to establish technical, business, & legal requirements
- Efficient RFP strategies
- The key information required for vendor selection
- Incorporate project management principles into contract documents
- How to live with IT
How You Will Benefit
- Learn how to avoid cost overruns, delays, failures, & inflated pricing
- Minimize risks and increase protection during the procurement process
- Level the playing field between you and the vendor