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Monitor the flow of events and tasks among project stakeholders, PMs, the procurement management team and subcontractors.
Michael Taylor, a project manager with more than 30 years of experience, provided this diagram that tracks the project procurement process from beginning to end.
The diagram shows the flow of events and tasks between key project stakeholders, project managers, the procurement management team and subcontractors. Use the diagram to understand, implement and manage the procurement process, from gathering preliminary information from subcontractors to initiate the purchase decision-making process to closing the subcontract.
Taylor's flow diagram can help you obtain the best, most cost-effective resources you need to ensure project success.
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