Effective Project Contracting

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 GLOMACS 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

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

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 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 participating 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

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

DAY 1

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 2

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 3

Project Risk Management

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

DAY 4

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 5

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

In Association With

PetroKnowledge

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

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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.

P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.com