Method123 Ltd

Method123 Ltd

August 17, 2009 11:15 ET

Method123 Ltd: Defining Supplier Requirements With a Statement of Work

LA HABRA, CALIFORNIA--(Marketwire - Aug. 17, 2009) - Defining supplier requirements is a critical element of successful project management according to Method123 Ltd, leaders in online project management templates.

Suppliers need to understand exactly what is expected of them says Jason Westland, CEO of Method123 Ltd.

"By clearly identifying what your requirements are, suppliers will know what needs to be delivered, how and by when. This can easily done by completing a document known as a Statement of Work," says Westland. "It is a statement of the work to be completed by the supplier and it's a sure-fire way of getting the best possible results from suppliers."

"By completing a Statement of Work whenever you need to request work from an external supplier, you will ensure that everyone is clear about what your expectations are in terms of deliverables and timeframes for receiving them."

Preparing a Statement of Work will help project managers define the type of supplier they wish to appoint. It describes the materials and equipment needed, specifies the deliverables to be provided by the supplier, details the specific timeframes for delivery and states the terms and conditions for payment.

Creating a Statement of Work is part of the planning phase of the project life cycle which is undertaken before project execution.

The Statement of Work project management template is available from Method123.com and has easy to follow instructions, pre-completed tables and practical examples. It forms part of the comprehensive project management templates package or Project Management Kit offered at Method123. The kit includes all of the project management tools and templates needed to successfully deliver projects. It comprises hints and tips, real-life examples, charts and tables that cover every activity in the project lifecycle from initiation to planning, to execution, to closure.

Method123's online project management solutions also include project management methodologies and project planning software, which combined with the template package, present a unique and compelling offering to project managers around the world.

For more information, visit www.method123.com.

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