In an large pan combine your cranberries, sugar and water.
Heat over medium-high heat stirring frequently and bring it to a rolling boil.
Turn down the heat to medium-low and continue to heat on a low boil stirring frequently for about 5 minutes or until the cranberries begin to burst. Reduce the heat to low and add in your bourbon and vanilla stir well.
Reduce to a simmer and add vanilla and bourbon and simmer uncovered for 15-20 minutes.
let cool before serving