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    Part IV: Project Execution > Managing Vendors

    21. Managing Vendors

    In This Chapter

    • Understand why managing vendors is important to even first-time project managers

    • Understand the key principles that lead to better vendor management

    • Learn to avoid the common mistakes made on outsourced projects (they are not all due to the vendor)

    • Review tips and techniques for both the client (buyer) and vendor (seller) organization and project manager

    • Understand the key skills that have the greatest impact on managing vendor situations

    • Learn contract fundamentals, and how different contract types impact your approach

    As more and more organizations look to focus on their core competencies and reduce their fixed operating costs, while simultaneously attempt to execute more projects, it is very likely that your project, even your first one, will involve collaboration with other organizations.


      

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