Project Procurement Management: Contracting, Subcontracting, Teaming

By Quentin Fleming

Book Overview

Master Project Procurement for Project Success

Not all project procurements are the same. Unless the project carefully assesses the items it will make versus the items it will buy, and then adequately plans for these purchases, the risks of performance will increase. Project procurements are simply sub-projects, which need to be managed well, not blindly delegated to an independent organization to buy for the project.

This guide zeroes in on the effective management of that portion of the project which will be performed by another organization. It focuses on the procurement of scope from an organization outside of the project. Learn how to:

Plan, define, solicit, authorize, and manage external relationshipsEffectively manage project procurementsUnderstand different contract typesMitigate risks in procurementNavigate legal complexitiesImprove supplier relationshipsThis book has been updated to be consistent with Chapter 12 of the Fourth Edition of the PMBOK (R) Guide.

• Format: Hardcover
• Language: English
• ISBN: 1628251735
• ISBN13: 9781628251739
• Release Date: November 2016
• Publisher: Project Management Institute
• Length: 276 Pages
• Weight: 1.15 lbs.
• Dimensions: 0.9" x 6.0" x 9.3"

Customer Reviews

Complete and valuable PM resource

Quentin Fleming is best known for his expertise and published works in the earned-value project management domain. However, he is also deeply experienced in procurement management, and has an impressive body of published work in that specialty as well. This book evidences his expertise, and is one of the most succinct guides on the subject I've read.Among the reasons I like this book are:- excellent material on teaming arrangements and subcontractor management. These areas can make or break an engagement, ruining the reputation of the prime and/or subcontractors. The approaches and advice provided will get you around the pitfalls.- the chapter on selecting the proper contract type distills information scattered across sources ranging from FAR to niche books and other publications. Having the strengths and weaknesses of all possible contract approaches in one place is reason enough to get this book in my opinion.- managing procurement risks is given in-depth treatment. Everyone from contracting officers to project managers to functional area experts will get something from the chapter devoted to the topic. The related chapter on legal aspects of project procurement is another strong point of this book.The book covers the spectrum of procurement, mainly from the customer's perspective, but ample information is given about provider viewpoints. More importantly, this information is consistent with the PMI Project Management Body of Knowledge (PMBOK) and the six related processes (procurement planning, solicitation planning and solicitation, source selection, contract administration and closeout).This is more than a glossed-over summary, or for novices - it contains information that even the most seasoned procurement specialist will find useful, and should be in the reference library of every project manager.

Short and to the Point

Roger H. Mandel, an adjunct professor at SDSU & UCSD, March 5, 2004, Well arranged with a comprehensive description of what is important. Can be used as a short desk guide for those that are just starting to do procurements. Every Project Managers should have one and read for an overall comprehension of what is important in out sourcing. You will not be confused with many details. This professor recommends this book as a start to understanding project procurement management.