{"id":18536,"date":"2019-04-18T11:44:36","date_gmt":"2019-04-18T11:44:36","guid":{"rendered":"https:\/\/www.proprofs.com\/c\/?p=18536"},"modified":"2026-04-27T09:34:42","modified_gmt":"2026-04-27T09:34:42","slug":"project-manager-guide-to-vendor-selection","status":"publish","type":"post","link":"https:\/\/www.proprofsproject.com\/blog\/project-manager-guide-to-vendor-selection\/","title":{"rendered":"The Project Manager&#8217;s Guide to Vendor Selection"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">Most project managers shudder at the mention of a project that requires working closely with a vendor; I know I did. The effort and complexity of these projects are vastly underestimated because the na\u00efve assumption is that, \u201cthe vendor will do all the work, right?\u201d <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">About a quarter of the way through the project people realize that the project is a TON more work than they thought it would be, like:<\/span><\/p>\n\n\n\n<ul><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Budget is getting decimated<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Tasks are already behind schedule<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400;\">Halfway through the project, nothing has gotten better, but your team thinks it\u2019s all the vendor\u2019s fault, and the negative spiral makes the rest of the project a miserable grind for all involved.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Choosing the <\/span><i><span style=\"font-weight: 400;\">right vendor<\/span><\/i><span style=\"font-weight: 400;\"> is absolutely critical for a project manager who may be looking for a solution to meet your software or service-related needs. It isn&#8217;t just about the product or service; your <strong>vendor is bound to be involved in maintenance, repairs, and general communications regarding the delivery of your product.<\/strong> The right vendor is going to operate as a business partner, helping you every step of the way. The wrong vendor can become a major burden!<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">So, how do you select a vendor?<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Begin by specifying what your project or organization seeks to gain through this new product or service. Your organization should have a clear outline of both its <\/span><i><span style=\"font-weight: 400;\">needs<\/span><\/i><span style=\"font-weight: 400;\"> and its <\/span><i><span style=\"font-weight: 400;\">desires <\/span><\/i><span style=\"font-weight: 400;\">before you begin to compare different vendors.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">When <strong><a href=\"https:\/\/www.proprofsproject.com\/blog\/choosing-project-management-software\/\">looking for a project management software solution<\/a><\/strong>, your organization could need:<\/span><\/p>\n\n\n\n<ul><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Remote access to data<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Persistent data storage<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Easy file sharing<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Consolidated reporting<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400;\">The list of potential features is limitless, but once you&#8217;re aware of the <strong><a href=\"https:\/\/www.proprofsproject.com\/blog\/must-have-project-management-software-features\/\">key features<\/a><\/strong> you require, you can begin to look for suitable products that are going to meet these needs. &nbsp;It&#8217;s important to pare down to what is really necessary; otherwise, you could end up with a solution that is both more expensive and more robust than you require. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">When looking for software solutions, you will often need to find solutions that can be integrated into your existing software, or that can be customized to work with your internal applications. Some&nbsp;project management software, such as <strong><a href=\"https:\/\/www.proprofsproject.com\/\">ProProfs Project<\/a> makes&nbsp;it easier to customize them than others<\/strong>&nbsp;\u2013&nbsp;all of these factors have to be considered in order to <strong><a href=\"https:\/\/www.proprofsproject.com\/blog\/project-planning-guide\/\">plan your project correctly<\/a><\/strong>.<\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><strong>Related Read:&nbsp;<a href=\"https:\/\/www.proprofsproject.com\/blog\/project-planning-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">5 Step Guide to Create a Perfect Project Plan<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy ez-toc-grey\">\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.proprofsproject.com\/blog\/project-manager-guide-to-vendor-selection\/#2_Demo_the_Available_Products\" title=\"2. Demo the Available Products\">2. Demo the Available Products<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.proprofsproject.com\/blog\/project-manager-guide-to-vendor-selection\/#3_Assess_Security_and_Regulatory_Standards\" title=\"3. Assess Security and Regulatory Standards\">3. Assess Security and Regulatory Standards<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.proprofsproject.com\/blog\/project-manager-guide-to-vendor-selection\/#4_Calculate_the_Total_Ownership_Cost\" title=\"4. Calculate the Total Ownership Cost\">4. Calculate the Total Ownership Cost<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.proprofsproject.com\/blog\/project-manager-guide-to-vendor-selection\/#5_Check_References_and_Reviews\" title=\"5. Check References and Reviews\">5. Check References and Reviews<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.proprofsproject.com\/blog\/project-manager-guide-to-vendor-selection\/#Choose_a_Simple_Project_Management_Software_to_Manage_Vendors_Efficiently\" title=\"Choose a Simple Project Management Software to Manage Vendors Efficiently!\">Choose a Simple Project Management Software to Manage Vendors Efficiently!<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"2_Demo_the_Available_Products\"><\/span><b>2. Demo the Available Products<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Most products are available in the form of a demo copy, which will give you greater insights into whether the product will work for your organization. If possible, <span style=\"text-decoration: underline;\">port a representative sample of your company&#8217;s data into the available products and test out your complete workflow<\/span>. This will give you a better idea of how the system would be integrated into your company&#8217;s existing business processes. &nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">With&nbsp;good&nbsp;<strong><a href=\"https:\/\/www.proprofsproject.com\/blog\/best-enterprise-project-management-software\/\">enterprise project management software<\/a><\/strong>, a representative of the company who provides the product may conduct an onsite demo or webinar for your project team.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">During product demo, make sure that those who are going to be working with the products understand what they offer, or ideally, test them out. They are the ones who will notice issues with the product&#8217;s new workflow, or features that may be missing. &nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\"><strong>Another important tip \u2013<\/strong> always take detailed notes during or as close as possible to the demo. &nbsp;Teams tend to think they\u2019ll remember the nuances down the line, but after a few demos, they\u2019ll miss out a few from the team\u2019s collective memory. &nbsp;Make your future analysis easy by getting it all down on a document to refer to later.<\/span><\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"3_Assess_Security_and_Regulatory_Standards\"><\/span><b>3. Assess Security and Regulatory Standards<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A solution that is not properly secured is a ticking time bomb; it isn&#8217;t a question of whether it will become a problem but rather when. In addition to this, most businesses have internal and regulatory standards that they need to comply with, in terms of what data they keep and how their data is stored.<\/p>\n\n\n\n<p>If your vendor can help with your security and regulatory compliance, this takes a significant burden off of your organization. At the bare minimum, you need a solution that is going to adhere to your organization&#8217; own internal standards. &nbsp;<strong>Get your security team involved early<\/strong> in the process so you don\u2019t waste time assessing products that you\u2019ll end up having to take out of the running due to a security concern.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"4_Calculate_the_Total_Ownership_Cost\"><\/span><b>4. Calculate the Total Ownership Cost<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Nearly every solution has a budget attached. When dealing with vendor selection, <strong>there are two costs:<\/strong> <em>the upfront cost to purchase the solution and the long-term cost of maintaining and updating it. <\/em><\/p>\n\n\n\n<p>Software solutions are going to need to be patched and upgraded over time and continued support and development may cost more. Additionally, solutions generally have a substantial upfront cost, both in terms of the software licensing itself and any hardware upgrades or custom software coding that would be needed.<\/p>\n\n\n\n<p>You will need to<strong> compare both the short-term and long-term costs<\/strong> of each vendor to make sure that they can be accommodated within your budget. A software solution may be affordable (or even free) to adopt but may cost a lot in maintenance and upgrades later on.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"5_Check_References_and_Reviews\"><\/span><b>5. Check References and Reviews<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At this stage, you should have a fairly good idea of which <strong><a href=\"https:\/\/www.proprofsproject.com\/blog\/best-project-management-software\/\">project management software<\/a><\/strong> is right for your project, and which solutions will be able to deliver what your company needs.<\/p>\n\n\n\n<p>However, you aren&#8217;t done investigating the vendor providing the solution. You can begin by consulting online business references and reviews. Any vendor can promise to deliver; reviews and references will tell you whether they have<i> <\/i>delivered in the past.<\/p>\n\n\n\n<p>Most companies have reviews available online; if the vendor you&#8217;re looking at does not, they may be a new, untested company. Every company is going to have some amount of negative reviews; what&#8217;s most important is how they deal with these reviews.<\/p>\n\n\n\n<p>Look for companies that respond politely and professionally to inquiries, even if these inquiries are negative. For large or especially critical implementations, you may want to consider working with a research and advisory partner.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Choose_a_Simple_Project_Management_Software_to_Manage_Vendors_Efficiently\"><\/span><b>Choose a Simple Project Management Software to Manage Vendors Efficiently!<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/NDQLnhNnFno?autoplay=1&amp;rel=0\" width=\"800\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br><span style=\"font-weight: 400;\">Finding a vendor is a time-consuming but important part of the process of a project, and you need to find a vendor that offers <strong><a href=\"https:\/\/www.proprofsproject.com\/pricing\/\">affordable project management software<\/a><\/strong>&nbsp;for your organization.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Not only do you need software that works as desired, but you also need software that is going to be well-maintained&nbsp;\u2013&nbsp;<strong>software that can grow and scale with your business.<\/strong> By using the above tactics, you should be able to find a reliable vendor with a robust solution. <\/span><\/p>\n\n\n\n<p><strong><em>Further, choosing a simple project management software, such as <a href=\"https:\/\/www.proprofsproject.com\/\">ProProfs Project<\/a>, can really help in managing all vendors efficiently and streamline workflow.<\/em><\/strong><\/p>\n\n\n\n<div class=\"banner-btn btn-desk\" style=\"text-align: justify;\"><a class=\"try-btn\" title=\"Try ProProfs Project to Create Project Plan\" href=\"https:\/\/www.proprofsproject.com\/signup\/\" target=\"_blank\" rel=\"noopener\">Try ProProfs Project Free to Manage Your Projects<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Most project managers shudder at the mention of a project that requires working closely with a vendor; I know I did. The effort and complexity of these projects are vastly underestimated because the na\u00efve assumption is that, \u201cthe vendor will do all the work, right?\u201d About a quarter of the way through the project people&#8230;<\/p>\n","protected":false},"author":2,"featured_media":38569,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":[],"categories":[22],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Project Manager\u2019s Guide to Vendor Selection<\/title>\n<meta name=\"description\" content=\"Here\u2019s the ultimate project management guide to vendor selection. Read on to understand how to select the perfect vendor for your business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.proprofsproject.com\/blog\/project-manager-guide-to-vendor-selection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Project Manager\u2019s Guide to Vendor Selection\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.proprofsproject.com\/blog\/project-manager-guide-to-vendor-selection\/\" \/>\n<meta property=\"og:site_name\" content=\"ProProfs Project Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-18T11:44:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-27T09:34:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.proprofsproject.com\/blog\/wp-content\/uploads\/2019\/04\/Project-The-Project-Managers-Guide-to-Vendor-Selection-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"758\" \/>\n\t<meta property=\"og:image:height\" content=\"335\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Miller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Project Manager\u2019s Guide to Vendor Selection","description":"Here\u2019s the ultimate project management guide to vendor selection. 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