CONTRACT MANAGEMENT

Get the Best Results with your Contractors Using a Modern Contract Management Process

Duration: 2 Days | 15 Contact Hours | 15 PDUs | Code: PPCW

ABOUT THE PROGRAM
Get the Best Results with your Contractors Using a Modern Contract Management Process

Ensuring that contracts are managed effectively can be a challenge in any industry. This 2-day workshop gives Project Managers the tools and techniques needed to maximize the benefits from the contract management process to ensure your project delivers the desired business results.

Learn how to choose and then negotiate the right type of contract for your project, balancing the risks between buyer and seller whilst motivating the seller to perform. Gain an understanding of essential contract legal principles, to ensure you don’t make expensive mistakes when administering a contract.

Use powerful techniques to get the real benefits of contractual acquisitions using the best type of contract for your project, balancing the risks between buyer and seller whilst motivating the seller to perform.

Program Outline

Introduction to Contract Management

  • Understanding business needs and requirements
  • Challenges in contract management
  • Risk-focused solicitation

Plan Contracting

  • Make-or-buy decision
  • The Contract Management Plan
  • Selecting the right type of contract
  • The Contract Statement of Work and other important documents
  • Essential contract legal principles
  • Performance based contracts

Conduct Solicitation

  • Source selection and contract governance
  • Negotiating a contract

Administer Contracts

  • Monitoring work performance
  • Managing contract changes, issues, and disputes
  • Contract interpretation

Close Contracts

  • Settlements and audits
  • Administrative and contract closure

Who Should Participate

This course is ideal for project managers and team leaders who need a well-structured and effective, and risk-focused solicitation process to plan and administer a procurement contract.

Learning Objectives

At the end of this action-based workshop, participants will be able to:

  • Describe methods to manage risk throughout the procurement life cycle

  • Explain essential contract legal principles
    Identify the right type of contract for a project, balancing the risks between buyer and seller

  • Explain how to select contractors using source selection criteria

  • Perform a contract negotiation using standard tools and techniques

  • Describe how to administer a contract

Credits

This course qualifies for 15 Professional Development Units (PDUs) under Project Management Institute (PMI) Continuing Certification Requirements (CCR) program Category A

Train with ePM and you’re in good company

OUR TRAINERS

Our trainers have many years of project management, leadership and training experience. All have used the processes, tools, techniques and good practices outlined in the Project Management Institute PMBOK® Guide and are able to relate this knowledge to the running of successful projects in industry.

THE COURSE MATERIAL

Our group exercises and exam practice questions have been developed over many years following Instructional Design techniques. All materials are regularly updated based on participant feedback and current industry good practices.

THE TRAINING WORKSHOP

Our workshops are conducted in a group environment where participants are encouraged to participate in individual and team activities to promote learning, build team morale and reinforce understanding of concepts.

TRAINING GRANTS

Funding support for training courses. Terms and conditions apply.

The CITREP II Expanded
Funding

Singapore

The trainee or the organization can claim up to 70% of the nett payable course and certifications/ assessment fees (up to a maximum of $3,500 per trainee).

Productivity & Innovation Credit (PIC) Scheme

Singapore

Under the PIC Grant for the Training of Employees, you can get 60% Cash Payout or 400% Tax Rebate on the total training amount spent by the Company, whether they are local or foreign employees.

Skim Bantuan Latihan (SBL) Scheme

Malaysia

The HRDF–SBL Scheme supports up to 100% of the course and exam fees, capped at RM1,300 per day for Company-sponsored trainees. Prior approvals must be obtained from HRDF.