Optimizing Contracting Strategies

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In order to manage successfully a project, certain perspectives need to be covered.

  • Purpose
  • People
  • Complexity
  • Uncertainty

This article briefly explains the tools that can be used to analyze each perspective.

Contents

Purpose

Vision Statement

SMART goals

Project Charter

Value Proposition Canvas

Project governance framework

Business Case

Key Performance Indicators (KPI)

People

Complexity

Complexity happens when too many parts come together and it becomes difficult to structure and organize the activities, portfolio and cost flows. In order to manage the situation, the first step to take would be trying to break down the main tasks. Once smaller tasks are gathered, it will be easier to focus on their complexity individually. It is convenient to break down each task as much as possible so even if this will create many starts treating them as smaller individual tasks.

The following tools are used to break down the situation.

Contracting and procurement

Uncertainty

The Triple Constraint in Project Management

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