How to Mitigate Multiple Supplier Agreement Risks
Practical Strategies for Government Vendor Management
The fundamental tension between the profit orientation of commercial enterprises and the fiduciary responsibility of government to be highly cost-conscious brings an array of risks to this relationship. These numerous risks might have a deep, undermining effect on the results of many mission critical projects and programs as well as day-to-day operations.
Unclear or changing requirements, an imbalance in technical knowledge between the parties, poor communication, and inadequate project plans — these are just a few sources of project risks that if not mitigated can (and most likely will) bring many problems into your otherwise perfectly planned contract execution.
To get the answers to many questions about effective risk mitigation strategies for multiple supplier agreements watch our expert with over 30 years of experience in Vendor Management covering a spectrum of steps that you and your organization can take to help set the tone for successful business interaction with your suppliers.
This webinar covers the following topics:
- Government supplier risks — terminology and concepts
- The need for suppliers – different types for different reasons
- Sources of risks in government vendor management
- Hard skills, like contract structure and risk management
The Project Management Institute requires that PMP®, PgMP® credential holders earn 60 Professional Development Units (PDUs) every three years in order to maintain certification.