An Intensive 5-Day Online Training Course
Effective Project Contracting
Project Management for Contract Professionals
Scheduled Dates
| 23 - 27 Oct 2023 | Online | $3,950 |
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 online 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 online 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?
This PetroKnowledge online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of your choice location
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 online 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 online training course, a PetroKnowledge E-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
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