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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
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.
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
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
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
What is a Fair Profit
Day Three: Project Risk Management
Risk Management Planning
Qualitative Risk Analysis
Quantitative Risk Analysis
Risk Response Planning & Implementing
Day Four: Managing Change and Performance Failures
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
Using the Contract to Manage Disputes
Negotiation Tools and Techniques
Formal Dispute Resolution
Alternative Dispute Resolution Processes
Course Review and Learning Outcomes
On successful completion of this training course, a PetroKnowledge Certificate will be
awarded to the delegates
In Association With
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients