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Effective Project Contracting

An Intensive 5-Day Training Course

Effective Project Contracting

Project Management for Contract Professionals

Scheduled Dates

03 - 07 Jun 2024 Dubai - UAE $5,950
12 - 16 Aug 2024 Kuala Lumpur - Malaysia $5,950
21 - 25 Oct 2024 Dubai - UAE $5,950
25 - 29 Nov 2024 Vienna - Austria $5,950
Enroll Now View Online Format In-House Options

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We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.

Why Choose this Training Course?

World-class organizations understand well the benefits of lower total cost and higher productivity resulting from mastering best practices in the important phases of project and contract management. With a focus on the best practices for processes, methods, and techniques, this Effective Project Contracting training course will make a great contribution to the skill sets of those involved in contracts and projects.

Project contracting arrangements play a vital role in the successful execution of the project; identifying and effectively managing the key risk areas can reduce costs and the potential for disputes, thus improving the efficiency of your organization.

This PetroKnowledge Project Management for Contract Professionals provides both strategic and practical insights into:

  • Preparing and administration of both the project plan and the contract
  • Critical contractor selection & contractor negotiations
  • Identifying and analyzing project and contract risk
  • Selecting and leading project and contract teams
  • Setting and Measuring Project and Contractor Performance goals
  • Managing principal liability issues
  • How change can be best managed
  • Ways to deal with performance failures
  • Managing claims and resolving disputes

What are the Goals?

At the end of this Effective Project Contracting training course, you will learn to:

  • Identify the most appropriate contracting strategy
  • Assess and manage key contractual risks
  • Recognize the causes of, and how to deal with change
  • Compare ways of dealing with performance failures
  • Evaluate the most appropriate course of action when disputes arise

Who is this Training Course for?

This Effective Project Contracting training course will benefit all levels of personnel involved in any aspect of project procurement and implementation. It will enable a broad range of disciplines to appreciate and understand effective project contracting.

This training course is appropriate to a wide range of professionals but will greatly benefit:

  • General Management Professionals
  • Project Management Professionals
  • Contracts Administrators, Managers and Claims Handlers
  • Procurement and Purchasing Staff
  • Engineering, Operational and Maintenance Personnel
  • Commercial, Financial and Insurance Professionals

How will this Training Course be Presented?

Participants will gain greater knowledge through presentations by an experienced international practitioner designed to both educate and challenge. Extensive use will be made of case studies and real examples of contracts and projects. Open and instructive group discussions will also be facilitated encouraging delegates to raise questions, and share their own experiences.

Organisational Impact

Projects often require complex contractual arrangements, assessing the issues and how to deal with them can be a daunting task.

Your organization will benefit by:

  • Expanding traditional procurement options to promote project goals
  • Developing an appreciation of the risks of using different types of contracting strategy
  • Enhancing internal capacity to assess and manage key contractual risks
  • Minimizing the time and cost impact of changes and external events
  • Ensuring better monitoring and managing of performance issues

Exploring alternative ways of reducing the impact of disputes

Personal Impact

Attendees will gain by participation in this Effective Project Contracting training course as a result of:

  • Broadening your knowledge of a variety of project delivery strategies
  • Extending your understanding of key risk areas and their management
  • Improving your knowledge of contract and relationship management
  • Enhancing your ability to deal with changes and external events
  • Developing your knowledge of monitoring and managing performance failures
  • Boosting your confidence in dealing with contractual issues and disputes

Daily Agenda

Day One: The Fundamentals of Project Management

  • Key Definitions in Project Management
  • The Project Life-Cycle
  • Project Complexity Factors
  • Project Strategizing and Managing the Triple Constrains
  • Project Context & Environment
  • Key Financial Concepts
  •  

Day Two: Good Contracting and Procurement Practice

  • Elements of a Good Contracting and Procurement Process
  • Cost and Pricing
  • Cost Analysis
  • Allocating Overheads
  • What is a Fair Profit

Day Three: Project Risk Management

  • Risk Management Planning
  • Risk Identification
  • Qualitative Risk Analysis
  • Quantitative Risk Analysis
  • Risk Response Planning & Implementing

Day Four: Managing Change and Performance Failures  

  • Scope Creep
  • External Factors Affecting Performance
  • Performance Standards and Monitoring
  • Re-work, Re-Performance and Damages
  • Using Bonds, Warranties and Guarantees
  • Suspension and Termination

Day Five: Managing Claims and Disputes  

  • Assessing Claims
  • Using the Contract to Manage Disputes
  • Negotiation Tools and Techniques
  • Formal Dispute Resolution
  • Alternative Dispute Resolution Processes
  • Course Review and Learning Outcomes

Certificate

  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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