Top 10 most common and costly contract management mistakes

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Many project managers like to spend their time making things happen while leaving the commercial details and running of contracts to their commercial staff. They shouldnt.

Its common sense that when contracting out the delivery of part of your project that good procurement and good contract management are the major components of successful delivery. This evening talkhighlighted what are, in the speakers experience as a project auditor for major contracts, the top ten most common & costly mistakes in contract management. Heillustrated them with war stories and more importantly gave direction on simple steps that the astute project manager can take to avoid them on their projects. In particular he covered how to :

Avoid fraudulent costs
Limit waste and overcharging
Get better control over costs
Strengthen supplier relationships
Improve your reputation, both at an individual and organisational level.

Posted by APM on 4th Apr 2011
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