Course Length:
20 days Online
Course Number & Level:
222.CNSO - Development
Professional Development Units (PDUs): 21
Continuing Education Units (CEUs): 2.1
PMBOK® Guide Knowledge Areas Covered:
Tracks:
Upcoming Sessions:
Very few projects today are initiated without some form of contractual authorization. In today's project environment, project managers must be fully aware of how the contents of the customer's contract will influence their decision-making. This three-day course covers the foundations of sound contract management principles from the project manager's perspective. The course focuses on establishing a high level of awareness on the part of the project manager in the area of contract development, administration, and closeout. Participants use exercises and simulations to explore the concepts of contract legality, contents, and contract negotiations.
Upon completion of this course, participants will be able to:
Describe the value of adhering to a structured, disciplined contract management process
Identify the two major legal systems and how contracts differ between those systems
Identify the roles and responsibilities of contract management and project teams
Identify different contracts and contract financial strategies
Explain the procurement process from pre-award through post-award phases
Identify the basic elements of an effective contract
Develop an effective statement of work for vendors
Develop and execute an effective negotiation strategy and contract administration plan
Develop and execute an approach for closing out the contract on a project, both from the customer and vendor perspective
Background and Basics
Identify the contract as a project
Define contract management
Describe the benefits and disadvantages of contracts
Differentiate between project and contract management
Contracting Principles
Define a contract and its structure
List essential elements of effective contracts
Explain the concept of contract privity between buyer and seller
Explain the agent/agency relationship
Define terms and conditions of contracts
Pre Award Phase
Describe the procurement planning process
Create a statement of work
Describe different types of contracts
List and describe contracting tools and techniques
Award Phase
Explain the negotiation process
List and describe evaluation criteria for soliciting bidders
Conduct of the negotiation
Identify styles of negotiation
Post-award Phase
Describe the tools and techniques of contract administration
Identify techniques for analyzing contracts
Describe methods of monitoring performance
Explain how to manage change in contracts
Describe methods for handling claims and disputes
Describe tools for contract closure
For more information on our online programs and how these can be incorporated into your corporate training offerings please contact PM College at 888-619-2819.