The Contracts & Project Management MBA Event, 02.Feb.2025

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 Contracts & Project Management MBA training Course will make a great contribution to the skill sets of those involved in contracts and projects.

Training Objectives of The Contracts & Project Management MBA 

• 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 Skillsets 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

The Contracts & Project Management MBA Training Outlines

Day 1

The fundamentals of project management

• Key Definitions in Project Management
• The Project Life-Cycle
• Project Complexity Factors
• Project Strategizing and Managing Triple Constraint
• Project Context & Environment
• Key Financial Concepts

Day 2

Project planning and organising

• The 20 Project Management Sequence Steps
• Defining Project Scope and Developing Work & Cost Breakdown Structures
• Project Management Roles & Responsibilities
• Project Planning Inputs, Tools & Techniques
• Project Estimating Techniques
• Project Scheduling Methods

Day 3

Implementing, executing and controlling projects

• Project Implementation & Resource Management
• Developing Project Control Systems
• Keeping Projects On-Track & Controlling Change
• Project Performance Measurement & Key Performance Indicators
• Earned Value Management
• Project Progress Measurement from Initiation to Handover

Day 4

Project risk management

• Risk Management Planning
• Risk Identification
• Qualitative Risk Analysis
• Quantitative Risk Analysis
• Risk Response Planning & Implementing
• Controlling Project Risks

Day 5

Project leadership and stakeholder management

• Understanding Leadership & Management
• Working in Project Teams
• The Team Development Cycle
• Keys to Effective Influence & Persuasion
• Improving Communication, Delegation & Motivating Skills
• Managing Stakeholders & Stakeholder Expectations

Day 6

Good contracting and procurement practice

• Elements of a Good Contracting and Procurement Process
• Cost and Pricing
• Cost Analysis
• Allocating Overheads
• What is a Fair Profit
• Pricing Models

Day 7

Contract types and payments

• Managing Contract Risk
• Contract Risk Sharing Continuum
• Implications of Contract Types
• Fixed Price and Cost-Reimbursement Contracts
• Innovative Contract Types
• Economic Price Adjustment Clauses
• Invoices and Payments

Day 8

Source selection and contract development

• Processes for Source Qualification
• Developing Pre-qualification and Tendering Criteria
• Rules for Drafting the Contract
• Terms & Conditions
• Forming the Contract
• Use of Performance based Contracting

Day 9

Contract negotiations

• Role of Negotiation
• Negotiation — What Is It?
• Characteristics of a Good Negotiator
• Essential Rules of Negotiation, Part 1 - A Quote is Never a Concrete Number
• Essential Rules of Negotiation, Part 2 - The Best Prepared Wins
• Essential Rules of Negotiation, Part 3 - Have Many Issues and a BATNA
• Negotiation Tactics

Day 10

Contract administration and closeout

• Post Award Functions - Overview and Responsibilities
• Contract Administration Duties
• Scope of Work Variations
• Force Majeure
• Termination
• Contract Close-Out