COURSE OVERVIEW

 

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. 

 

This course is designed to provide participants with a detailed and up-to-date overview of Contracts & Project Management. It covers the importance of project management and the role of a project manager in contracts; the importance of setting clear objectives, key stakeholders and their expectations and aligning project outcomes with business goals; the project lifecycle and phases and legal and ethical considerations in contracts; the contract types covering fixed-price contracts, cost-reimbursable contracts, time and materials contracts and hybrid and innovative contract types; how contract types transfer risk and contract negotiation strategies; and the  contract award and procurement process. 

 

Further, the course will also discuss the importance of project planning, work breakdown structure (WBS), schedule techniques and tools and managing changes in project plans; executing strategies for project success, setting clear and ambitious goals, overcoming obstacles and decision paralysis and motivating teams for high performance; ensuring team focus on the delivery goal and the importance of documentation in contracts and types of project reports and their purposes; the various pricing models, contractor price and cost analysis; dealing with volatile material pricing; and the financial planning and budgeting for projects. 

 

 

During this interactive course, participants will learn how to identify and assess project risks and risk mitigation strategies in contracts; the contract compliance and regulatory requirements; the claims management, dispute resolution, negotiation in contracts and stakeholder and vendor negotiations; the contract amendment and renegotiation and the psychology of negotiation and influence; setting up project control mechanisms and earned value management (EVM) for project tracking; the performance measurement techniques in contracts; managing multiple projects simultaneously and handling schedule and budget variances; the most common reasons projects fail, strategies for proactive risk mitigation and creating a culture of continuous improvement; the real-world negotiation scenarios and cost-benefit analysis in contract decisions; and the ethics and legal challenges in contracts.