The Contracts and Project Management MBA
Course Code: LT15
Course Objective
- 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
Target Audience
- 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
Course Outline
DAY 1: Module I – Mastering Project Management
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
DAY 6: Module II – Mastering Contracts Management: The Oxford 5-Day MBA
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
Register for this course
Date & Location