Training On Advanced Contract Management

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 organisation. This training course will cover the skills required to maximize 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 training course.

Duration       5 Days

Target Audience

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

Objectives

The training will enable participants to 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.

Course Outline

Introduction And Review of Basic Principles

• Why contract management?
• Benefits of doing it right and problems with doing it wrong
• Overview of overall contracts & procurement cycle
• Relationship to project management
• Developing effective procurement strategies
• Common contract types – pros, cons, and risks
• Key roles and responsibilities

Post Award Management

• Preparation for contract post award phase
• Handover from contract award
• Process overview, including inputs and outputs.
  • Initiation stage
  • Planning stage
  • Delivery stage
• Change management.
• Risk management.

Contract Closeout

• Closeout process overview, including inputs and outputs.
• Contract closure.
• Handover and transition
• Operations and support
• Handling premature close

Key Management Skills

• Relationship and stakeholder management
• Communication
• Performance management
• Negotiation
• Conflict management
• Leadership
• Documentation and record keeping 

Encountering And Solving Problems

• Common issues and risks, and how to deal with them.
• Disputes
• Claims
• Completion, sign off and payment problems.
• Recap of material
• Reference Material
• Things you can do when you return to your desk.

Certification

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

Training Venue

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

Airport Pick Up and Accommodation

• Airport pick up and accommodation is arranged upon request.

Terms Of Payment

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent via email.