About The Training
Introduction
This Advanced Contract Management training course will help you to develop the advanced skills required to get the best out of your project contracts. Organisations frequently use contracts to implement project activities or work packages. Unless managed well, this can be source of risk and loss for the organisaiton. This training course will cover the skills required to maximise the value that is returned from these critical commercial relationships.
You may have experience in managing projects, contracts, or both. This training course will build on that knowledge in an easily understandable way so that you expand your capability and effectiveness. More importantly, it will give you some practical tools and techniques that you can apply, which will give a tangible increase in the benefit that you will gain from this course.
This Aldrich Center of Excellence training course will highlight:
- The key stages in managing contracts and the critical skills required
- The crucial interface between project and contract management
- The importance of post-award contract management
- How to maximise value and benefit
Objectives
This training course will equip you with all of the knowledge that you need to be effective when managing projects in a contractual environment.
At the end of this Advanced Contract Management training course, you will understand:
- Methods for improving contract performance
- How to deal with common issues including slippage, scope creep and cost growth
- Ways to handle claims and disputes successfully
- The steps needed to prepare for post award contract management
- How to manage risk and change
- Key “soft” skills to help you solve problems and get the best out of people
Training Methodology
The Advanced Contract Management training course is full of practical techniques and examples, intended to enhance knowledge and give practical benefit. The worked examples, case studies and team exercises will make applying the knowledge gained much easier. Often, helpful insight can be gained from discussion with other delegates, and the training course delivery style will provide opportunities to do this.
Organizational Impact
By sending delegates on this Advanced Contract Management training course, organisations will maximise their gain from the contracts awarded in their projects, and reduce the risk of poor performance, financial loss, reduced value and reputational damage.
The organisation will also gain:
- Increased capability and competence in managing its contracts
- Greater benefit and returned value from the contracts it places
Who Should Attend?
Implementing project activities through contracts is commonplace, and will touch a range of people working in project management and related disciplines. It is suitable to a wide range of professionals but will greatly benefit:
- Contract holders
- Contract & procurement team members
- Project managers
- Project team members
- Project Management Office (PMO) staff
- Assurance and quality management staff
Course Outline
Day One: Introduction and Review of Basic Principles
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Why contract management?
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Benefits of doing it right and problems with doing it wrong
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Overview of overall contracts & procurement cycle
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Relationship to project management
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Developing effective procurement strategies
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Common contract types – pros, cons, and risks
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Key roles and responsibilities
