Training on Advanced Contracts and Project Management

Course Overview

Welcome to the Advanced Contracts and Project Management Course!  In today's competitive business environment, the timing of product market launches is increasingly important. Companies are under pressure to cut costs and accelerate project timelines to stay ahead in the global market. This course is designed to provide a practical perspective on effective contract generation and management, as well as advanced project management techniques. Participants will learn to navigate the complexities of contracts, execute projects efficiently, and implement strategies to mitigate risks, improve efficiency, and boost profitability.

Target Audience

This course is tailored for:

• Professionals seeking to enhance their skills in contracting and project management
• Personnel from contracting teams, project management teams, and planning departments
• Process improvement teams, claims and business audit personnel
• Risk and contract strategists
• New staff and experienced staff looking for refresher training

Course Objectives

By the end of this course, participants will be able to:

• Analyze, negotiate, and implement dispute resolution methods to prevent escalation
• Apply advanced scheduling techniques and conduct cash flow analysis
• Identify and mitigate risk factors and understand their commercial implications
• Improve managerial approaches to contract and project management
• Increase commercial awareness for smoother contract operations
• Develop a project control system and manage various project delivery systems
• Understand contractual and legal knowledge essential for project success
• Effectively manage contracts using checklists, file management, and documentation standardization

Course Outline

Day 1: Understanding the Contract

• Overview of the tendering and contract award process
• Legal requirements for a contract and understanding contractual documents
• Managing contract risks and recognizing where the risks lie

Day 2: Key Skills of Contract Management

• Role and value of an effective contract manager
• Implementing new contracts and reviewing processes
• Managing suppliers and using KPIs in contract management

Day 3: Model Contracts and Terms

• Selecting the right contract model and understanding standard form contracts (ICC, FIDIC, NEC, etc.)
• Force majeure, indemnities, insurance, and warranty clauses

Day 4: Managing Price and Contract Variations

• Techniques for managing price escalation and cost analysis
• Negotiation techniques for managing contract variations

Day 5: Managing Claims and Disputes

• Understanding contract claims and implementing penalties
• Dispute resolution tools and techniques and contract closeout

Day 6: Introduction to Project Management

• Basics of project management and project life-cycle models
• Identifying stakeholders and selecting the right project manager

Day 7: Planning

• Scope identification and scheduling methods
• Critical path scheduling and resource allocation

Day 8: Proactive Project Risk Management

• Differentiating risk from uncertainty and attitudes towards risk
• Risk identification, analysis, and strategies for management

Day 9: Executing

• Staff acquisition, team development, and motivation
• Leadership vs. management styles and conflict handling

Day 10: Establishing Your Leadership Presence with Impact

• Monitoring and controlling projects and implementing risk strategies
• Und