The Contracts and Project Management MBA

The Contracts and Project Management MBA

 

Date & Location: (12-25/Feb) Casablanca – ( 05-18/Nov) Istanbul

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Course Overview

Introduction:

World-class organisations 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 training course will make a great contribution to the skill sets of those involved in contracts and projects.

This 2 part training 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 goal

 

Program Objectives:

  • 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 organisation’s objectives
  • How to set up and operate disciplines required to monitor and control projects
  • Understanding important aspects of contractor price and cost analysis

 

Who Should Attend?

  • Project and Contracts Management Professionals
  • Tendering, Purchasing, Contract Administration Professionals and Personnels
  • 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

 

Program Outline:

Module I – Mastering Project Management

DAY 1

Introduction to Projects

  • What is a project?
  • Benefits of project management
  • Why some projects fail?
  • The 5 principles of project management
  • Using a project management ‘approach’
  • The business case – it’s importance and relevance
  • Roles in project management
  • Building the project management team

DAY 2

Scoping and Laying the Foundations

  • Developing a clear project scope and objectives
  • Leadership in projects – what does it mean to you?
  • Project paperwork – is it really necessary?
  • Stakeholder management – the first stage of risk assessment
  • Risk management – ensuring you practice prevention
  • Developing your project plan using a robust planning process Stage I

DAY 3

Organising for Success and Gaining & Maintaining Commitment

  • Developing your project plan using a robust planning process Stage II
  • Personal attitudes and human behaviours
  • The keys to effective influence and persuasion
  • Understanding interpersonal project team dynamics
  • Empowerment
  • Effective delegation

DAY 4

Monitoring and Controlling Projects

  • Tracking you are still delivering the project – data information
  • Managing the tensions
  • Further developing your people (soft) skills
  • Lessons learned and creating learning culture
  • Knowledge transfer
  • The Project Support Office

DAY 5

Staying Focused, Delivering and Closing Your Project

  • Decision making for success
  • An introduction to creative thinking
  • Personal time management – the impact on projects
  • Meeting skills
  • Formally closing the project
  • Celebrating success

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

Risks and Financial Management

  • Assessing risk
  • Cost and Pricing
  • Cost Analysis
  • Allocating Overheads
  • What is a Fair Profit
  • Developing “Should Cost”
  • Pricing Models
  • Risk Assessment
  • Managing the Risks

DAY 7

Contract Types and Payments

  • Managing risk
  • Contract Risk Sharing Continuum
  • Types and Guidelines for progress payments
  • Implications of Contract Types
  • Fixed Price and Cost-Reimbursement Contracts
  • Economic Price Adjustment Clauses
  • Understanding and Using Producing Price Indexes
  • Invoices and Payments
  • Parties to Letter of Credit

DAY 8

Source Selection and Contract Development  

  • Processes for Source Qualification
  • Developing Pre-qualification and Tendering Criteria and Applying Standards for Final Selection
  • Rules for Drafting the Contract
  • Terms & Conditions
  • Forming the Contract
  • Essential Elements
  • Use of Performance Based Contracting

DAY 9

Contract Negotiations

  • Role of Negotiation
  • Negotiation—What Is It?
  • Characteristics of a Good Negotiator
  • Basic Rules of Negotiation, Part 1-A quote is never a concrete number
  • Basic Rules of Negotiation, Part 2-The best prepared wins
  • Basic Rules of Negotiation, Part 3-Have many issues and a BATNA
  • Negotiation Nuggets

DAY 10

Contract Administration and Close Out

  • The Critical Integration or Entire Agreement Clause
  • Post Award Functions – Overview and Responsibilities
  • Contract Administration Duties
  • Contract Modifications
  • Scope of Work Variations
  • Rules of Contract Interpretation
  • Contract Disputes
  • Termination
  • Contract Close-Out