This highly interactive 10-day course will provide a practical hands-on approach to the effective creation of contracts and the management of both the contract and the project to which it relates. It will also offer techniques and contract strategies to assist this process, including establishing a risk management strategy with reference to contracts, and techniques for managing the planning, and developing a good business practice to take advantage of opportunities, enhance efficiency and increase profitability.
• understand necessary contractual and legal knowledge • understand the application of different types of agreements • increase commercial awareness needed to enhance smooth running of contracts • understand the importance of checklists, file-management, and standardization of documentation effectively to reduce the exposure to risk • understand various project delivery systems • increase understanding of commercial liabilities resulting from schedule changes and variations • ability to conduct a cash flow analysis • ability to apply Advanced Scheduling techniques • methods to develop a Project Control System • skills in handling both reactive and proactive project management techniques • ability to analyze, negotiate and implement the most appropriate method of resolving disputes preventing escalation by early identification • improved managerial approaches to both contract and project management
Who Should Attend?
• All professionals who need to advance their skills in contracting and project management • Any personnel from contracting teams, project management teams, planning departments, process improvement teams, claims and business audit personnel, risk and/or contract strategists • It is also beneficial for staff new to their roles as well as experienced staff looking for a refresher training course
Day One: Understanding the contract and skill of contract management
• Understanding contracts – a refresher on Certainty of Terms • Contractual terms and conditions – bonds, guarantees, Letters of Intent, letters of comfort • Schedules to the contract • The specification and defined scope of work – linkage to price and value • Reporting performance and managing change – successfully! • The role and value of an effective contract manager
Day Two: The skill of applying risk and management information
• Why risk management is key to successful outcomes • Risks and selecting the right contract structure • Assessing and allocating risk • The risk (and opportunities) of types of contract – including traditional, lump sum, schedule of rates, reimbursable, partnering • The management information required from the contractor to engender trust • Consequences of inadequate and misleading data
Day Three: The skill of managing contract review meetings
• Why contract management is not a deskbound role! • Chairing contract review meetings for positive outcomes • Establishing facts – and the skill of planning, questioning and listening • Getting a balanced picture of performance • Agreeing and documenting actions • Effective handling of Contract Performance issues
Day Four: Managing change and disputes skills
• The importance of KPI’s ineffective contract management • Linking performance to gain share and pain share • Implementing damages and/or service credits • Managing Change/Variations within a Contract • Dealing with non-performance/default – Acquiescence, Dispute or Action plans? • The strengths and weaknesses of different approaches to resolving disputes
Day Five: Next steps in developing your advanced contract management skills
• Consider possible ways to better manage contracts • A recommended template for a contract management plan • Self-assessment of current contract management competencies • Advanced Contract Management Skills Review and Summary • Seminar highlights and final observations
Day Six: Introduction
• Why do we do projects? • What is a project? • What is project management? • Project Delivery Systems / Life-cycle Models • Initiating projects • Project selection • Selecting the right project manager • Project Objectives • Identification of stakeholders • Stakeholder analysis • Management of stakeholders
• What do we mean by risk? • Risk vs. uncertainty • Attitudes towards risk • Risk identification, factors, and sources • Risk analysis approaches • Qualification and quantification of probability and impact • Dealing with subjective elements of risk • Risk strategies
Day Nine: Executing
Lean Construction Strategies Staff Acquisition Team Development and Motivation Leadership vs Management Management styles and Conflict Handling
Day Ten: Establishing your Leadership Presence with Impact
• Monitoring and controlling • Earned Value management • Implementing Risk strategies • Project Closing
NOT INTERESTED IN THIS COURSE?
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