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Why Choose this Training Course?
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 organisation.
This Effective Project Contracting online training course identifies how your organisation can balance risk through the use of the most appropriate contracting strategy for your project, and focuses on how best to deal with key liability issues to bring your projects within time and budget. It also features how to monitor and manage performance failures, and provides tools, tips, and techniques on effective resolution of disputes to minimize cost and reputational risk exposure to your organisation.
This PetroKnowledge online training course will highlight:
The use of different procurement and contracting strategies
Handling key risk areas in the procurement process
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 online 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 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 any location of your choice.
Projects often require complex contractual arrangements, assessing the issues and how to deal with them can be a daunting task.
Your organisation 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 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
Day One: Selecting Project Delivery Route
Factors Influencing Selection
Key Procurement Strategies and Delivery Routes
Funding and Level of Risk Transfer
Forms of Contract
Day Two: Project Procurement Process
Distinguishing Selection and Award Criteria
Cost and Price Analyses
Managing Supply Chain Risk
Exposure to Bribery and Corruption
Day Three: Key Liability Issues and Managing the Risks
Management of Risk Process
Principal Performance Obligations
Cost, Pricing and Payment Risk
Indemnities and Insurance
Selecting the Appropriate Governing Law
Contract and Relationship Management
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 Outcome
On successful completion of this training course, a PetroKnowledge Certificate will be
awarded to the delegates
On successful completion of this PetroKnowledge training course, Certificate with
eligible Professional Development Units (PDUs) / Contact Hours from Project Management
Institute (PMI®), will be awarded to the delegates
PMI® Registered Training Course
The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on our Project Management oriented training courses, to help them achieve or maintain PMI® professional credentials.