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The Contracts & Project Management MBA

An Intensive 10-Day Training Course

The Contracts &
Project Management MBA

Exploring the Critical Aspects of Contract &
Project Management

Scheduled Dates

19 Feb - 01 Mar 2024 London - UK $11,900
13 - 24 May 2024 London - UK $11,900
15 - 26 Jul 2024 Barcelona - Spain $11,900
12 - 23 Aug 2024 Los Angeles – USA $13,900
02 - 13 Sep 2024 Amsterdam - The Netherlands $11,900
30 Sep - 11 Oct 2024 Miami - USA $13,900
28 Oct - 08 Nov 2024 Geneva - Switzerland $11,900
18 - 29 Nov 2024 New York - USA $13,900
25 Nov - 06 Dec 2024 London - UK $11,900
16 - 27 Dec 2024 Paris - France $11,900
06 - 17 Jan 2025 New York - USA $13,900
Enroll Now View Online Format In-House Options

Are the scheduled dates matching with your needs?

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 Contracts & Project Management MBA will make a great contribution to the skill sets of those involved in contracts and projects.

This PetroKnowledge MBA 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

The Structure

This PetroKnowledge training course is split into two modules:

MODULE I - Mastering Project Management

MODULE II - Mastering Contracts Management : The Oxford 5-Day MBA

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.

What are the Goals?

Participants attending this MBA will gain from:

  • Knowing your outcomes before you start a project
  • Dealing with volatile materials pricing
  • Discussing the importance of planning and how to manage the Planning Process
  • Learning about contract types and how they transfer risk
  • Defining and how to take massive action
  • Exploring the various pricing models used in preparing proposals
  • Methods of how to keep the team focused on the delivery goal
  • Developing negotiation skill sets to gain the organizations objectives
  • How to set up and operate disciplines required to monitor and control projects?
  • Understanding important aspects of contractor price and cost analysis

Who is this Training Course for?

  • Contracts Management Professionals
  • Project Management Professionals
  • Tendering, Purchasing, Contract Administration Professionals and Personnel
  • Engineering, Operational, Finance, and Maintenance Professionals
  • And all others who are involved in project work from simple to complex that cover the acquisition of materials, equipment, construction, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities

How will this Training Course be Presented?

Participants will increase their knowledge base and skill sets through a variety of instructional methods including lecture by an experienced practitioner and consultant who has “been there-done that”, individual and group exercises, reviewing published articles, checklists, and group discussions covering current practices and their relationship to the implementation of new concepts.

Attendees are encouraged to present problems for discussion on a confidential basis, and to share their experience of particular issues in their company or industry. A supportive comprehensive training seminar manual, in both printed and CD form, enabling practical application and reinforcement is provided. Time will be allowed for general discussions, and for one-to-one discussion with the senior consultant.

Organisational Impact

The organization will benefit by:

  • Having the desired outcomes in commercial transactions
  • Having better trained project and contract personnel leading and guiding the contracting and project process
  • Continuous improvement in the alignment of project results and the organization’s goals
  • Higher productivity of personnel involved in contract and project activities
  • Making projects and contracting a high value added process
  • Improvements in the performance of contractors

Personal Impact

Attendees will gain by participation in this The Contracts & Project Management MBA training course through:

  • Mastering skills in managing project and contract activities
  • Improved negotiation skills
  • Greater ability to develop professionally
  • Increased job satisfaction by becoming more expert
  • Receiving increased recognition by their organization leading toward advancement
  • Greater confidence in leading, planning, and managing the entire project and contract process

Daily Agenda

Module I - Mastering Project Management

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 Constraint
  • Project Context & Environment
  • Key Financial Concepts

Day Two: Project Planning and Organizing

  • The 20 Project Management Sequence Steps
  • Defining Project Scope and Developing Work & Cost Breakdown Structures
  • Project Management Roles & Responsibilities
  • Project Planning Inputs, Tools & Techniques
  • Project Estimating Techniques
  • Project Scheduling Methods

Day Three: Implementing, Executing and Controlling Projects

  • Project Implementation & Resource Management
  • Developing Project Control Systems
  • Keeping Projects On-Track & Controlling Change
  • Project Performance Measurement & Key Performance Indicators
  • Earned Value Management
  • Project Progress Measurement from Initiation to Handover

Day Four: Project Risk Management

  • Risk Management Planning
  • Risk Identification
  • Qualitative Risk Analysis
  • Quantitative Risk Analysis
  • Risk Response Planning & Implementing
  • Controlling Project Risks

Day Five: Project Leadership and Stakeholder Management

  • Understanding Leadership & Management
  • Working in Project Teams
  • The Team Development Cycle
  • Keys to Effective Influence & Persuasion
  • Improving Communication, Delegation & Motivating Skills
  • Managing Stakeholders & Stakeholder Expectations

Module II - Mastering Contracts Management: The Oxford 5-Day MBA

Day Six: 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
  • Pricing Models

Day Seven: Contract Types and Payments

  • Managing Contract Risk
  • Contract Risk Sharing Continuum
  • Implications of Contract Types
  • Fixed Price and Cost-Reimbursement Contracts
  • Innovative Contract Types
  • Economic Price Adjustment Clauses
  • Invoices and Payments

Day Eight: Source Selection and Contract Development

  • Processes for Source Qualification
  • Developing Pre-qualification and Tendering Criteria
  • Rules for Drafting the Contract
  • Terms & Conditions
  • Forming the Contract
  • Use of Performance based Contracting

Day Nine: Contract Negotiations

  • Role of Negotiation
  • Negotiation — What Is It?
  • Characteristics of a Good Negotiator
  • Essential Rules of Negotiation, Part 1 - A Quote is Never a Concrete Number
  • Essential Rules of Negotiation, Part 2 - The Best Prepared Wins
  • Essential Rules of Negotiation, Part 3 - Have Many Issues and a BATNA
  • Negotiation Tactics 

Day Ten: Contract Administration and Close Out

  • Post Award Functions - Overview and Responsibilities
  • Contract Administration Duties
  •  Scope of Work Variations
  • Force Majeure
  • Termination
  • Contract Close-Out

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

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Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

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The Energy Training Centre

Our collaboration with The Energy Training Centre aims to provide the best training services and benefits for our valued clients.

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Koukash Consultancy

Our collaboration with Koukash Consultancy 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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