Course Objectives
By the end of the course, participants will be able to:
- Identify the major processes in project management in a related contract framework
- Outline the major activities, steps and tools needed to manage a contracting partner who is executing the project
- Devise the contracting strategy for a project and recognize the main contractual provisions that can affect it
- Develop detailed project plans to manage contracts and to deal with deviations effectively
- State different types of contracts and their impacts on the relationship with the contractors
- Describe the post award main processes including control techniques, change management, and contract administration
Course Content:
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Principles of contracts
- Definition of a contract
- Elements of a contract
- Objectives of contract management
- Knowing your contract
- Scope of work
- Terms and conditions
- Stages of contracting
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Pre-award phase
- Developing the business case
- Project charter
- Project scope statement
- Contracting plan
- Locating contractors
- Contractors pre-qualification
- Developing the project plan
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Project planning
- Work breakdown structure
- Duration and resources estimation
- Relationships between activities
- Network diagrams
- Critical path analysis
- Developing a ‘Gantt’ chart
- Milestone charts
- Resource allocation
- Project budgeting
- Project and contract risk management
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Award phase
- Evaluation plan
- Terms and conditions
- Fixed price contracts
- Cost reimbursable contracts
- Time and material contracts
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Post award phase
- Contract administration
- Project status reporting
- Managing deviations
- Tools used to manage projects and contracts
- Variation orders
- Handling claims
- Dealing with disputes
- Breach of contract
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Target Competencies
- Project management
- Contract management
- Planning and scheduling
- Project budgeting
- Project control
- Contract preparation
- Contract administration
Target Audience
Personnel who are seeking in-depth knowledge at managing their contractual partners who are executing their projects. The course is designed to provide project management concepts and tools as well as contract provisions and conditions that will enable the collaboration with the contractors efficiently. Meirc is assigned as a Registered Educational Provider (REP) with the Project Management Institute (PMI®). This program is worth 30 Professional Development Units (PDUs)
