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 GLOMACS MBA provides both strategic and practical insights into:
Preparing and administration of both the project plan and the contract
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 2-week training course.
Objectives
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
Training Methodology
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
Who Should Attend?
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
Course Outline
Module I - Mastering Project Management
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
Project Planning and Organizing
The 20 Project Management Sequence Steps
Defining Project Scope and Developing Work & Cost Breakdown Structures
Module II - Mastering Contracts Management: The Oxford 5-Day MBA
DAY 6
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 7
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 8
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 9
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 10
Contract Administration and Close Out
Post Award Functions - Overview and Responsibilities
Contract Administration Duties
Scope of Work Variations
Force Majeure
Termination
Contract Close-Out
Certificates
On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Providers and Associations
Endorsed Education Provider
A PMI registered mark
GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
In Association With
Oxford Management Centre
A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.
A Project Management Institute, Inc. (PMI)® Approved Training Course The Contracts & Project Management MBA
Exploring the Critical Aspects of Contract & Project Management
Upcoming Dates
Code
Date
Venue
Fees
CM039
02 - 13 Oct 2023
Miami - USA
$13,900
CM039
30 Oct - 10 Nov 2023
Geneva - Switzerland
$11,900
CM039
13 - 24 Nov 2023
Amsterdam - The Netherlands
$11,900
CM039
20 Nov - 01 Dec 2023
New York - USA
$13,900
CM039
27 Nov - 08 Dec 2023
London - UK
$11,900
CM039
18 - 29 Dec 2023
Paris - France
$11,900
CM039
19 Feb - 01 Mar 2024
London - UK
$11,900
CM039
13 - 24 May 2024
London - UK
$11,900
CM039
15 - 26 Jul 2024
Barcelona - Spain
$11,900
CM039
12 - 23 Aug 2024
Los Angeles - USA
$13,900
CM039
02 - 13 Sep 2024
Amsterdam - The Netherlands
$11,900
CM039
30 Sep - 11 Oct 2024
Miami - USA
$13,900
CM039
28 Oct - 08 Nov 2024
Geneva - Switzerland
$11,900
CM039
18 - 29 Nov 2024
New York - USA
$13,900
CM039
25 Nov - 06 Dec 2024
London - UK
$11,900
CM039
16 - 27 Dec 2024
Paris - France
$11,900
Introduction
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 GLOMACS MBA provides both strategic and practical insights into:
Preparing and administration of both the project plan and the contract
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.
Objectives
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
Training Methodology
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
Who Should Attend?
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
SEMINAR OUTLINE
Module I - Mastering Project Management
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
Project Planning and Organizing
The 20 Project Management Sequence Steps
Defining Project Scope and Developing Work & Cost Breakdown Structures
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