Discussion Post

Your project is implementing a new technology within the company that is available through several potential vendors. Though this technology is widely used in industry, it has not yet been implemented in your company. What path do you suggest for moving forward to obtain information from the potential vendors? What is your plan for procurements? What procurement processes, tools, and techniques would you recommend? What type of contract fits this scenario best? Why? Consider the culture, structure, stakeholders, and resource constraints.

Support your response with references to the course content, media, and readings.

References:

Chapter 4 – Making the Transition Happen

Madsen, S. (2019). Making the transition happen. In The power of project leadership: 7 keys to help you transform from project manager to project leader (2nd ed., pp. 285306). Kogan Page.

Procurement Management: Your Guide to Securing Project Resources

Alexander, M. (2020, May 1). Procurement management: Your guide to securing project resourcesLinks to an external site.. CIO. https://www.cio.com/article/3540768/procurement-management-your-guide-to-securing-project-resources.html

Now Is the Time for Procurement to Lead Value Capture

Busellato, N., Drentin, R., & Kishore, S. (2021, February 25). Now is the time for procurement to lead value captureLinks to an external site.. McKinsey & Company. https://www.mckinsey.com/business-functions/operations/our-insights/now-is-the-time-for-procurement-to-lead-value-capture

What Is a Contract Manager?

ContractsCounsel. (2023, March 28). What is a contract manager?Links to an external site. ContractsCounsel. https://www.contractscounsel.com/b/contract-manager

Collaborative Procurement Strategies for Infrastructure Projects: A Multiple-Case Study

Eriksson, P. E., Volker, L., Kadefors, A., Lingegrd, S., Larsson, J., & Rosaander, L. (2019, October). Collaborative procurement strategies for infrastructure projects: A multiple-case studyLinks to an external site.. Proceedings of the Institution of Civil Engineers. Management, Procurement and Law, 172(5), 197-205. https://doi.org/10.1680/jmapl.19.00016

The 4 Parts of a Strong Procurement Strategy

Roseke, B. (2024, December 10). The 4 parts of a strong procurement strategyLinks to an external site.. ProjectEngineer. https://www.projectengineer.net/the-4-parts-of-a-strong-procurement-strategy/