The Project Files - The Vendor Who Changed Everything
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The Project Files - The Vendor Who Changed Everything
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Halfway through the project, the third-party vendor missed a critical deliverable. The project manager had a contract, a penalty clause, and no backup plan. This episode follows the scramble to recover and the lessons learned about procurement. Listeners learn the difference between fixed-price and time-and-materials contracts, what a statement of work should include, and why vendor management belongs on the project schedule.
The Project Files is a storytelling series from Project Management Insights. Each episode follows a real project scenario where something goes wrong, gets complicated, or almost falls apart. The stories are fictional but the lessons are real, drawn from the challenges that show up on projects every day. If you manage projects, work on them, or lead the people who do, these stories are for you.