Course Code: PMCM 129
91 Course Visits
The Contracts & Project Management MBA
Course Sector:
Project & Contract Management
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Introduction
Training course introducion / brief

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 seminar will make a great contribution to the skill sets of those involved in contracts and projects.

This training seminar provides both strategic and practical insights into:

Preparing and administration of both the project plan and the contract

Critical contractor selection & contractor negotiations

Identifying and analyzing project and contract risk

Selecting and leading project and contract teams

Setting and Measuring Project and Contractor Performance goals

The training seminar is split into two modules:

MODULE I - Mastering Project Management

MODULE II - Mastering Contracts Management The Oxford 5-Day MBA

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-weeks training course.

Course Objectives
At the end of the training course, participants will be able to

  • Knowing your outcomes before you start a project
  • 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 skill sets 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

Course Audience
Who is this course for, and can benefit the most

  • Contracts Management Professionals
  • Project Management Professionals
  • Tendering, Purchasing, Contract Administration Professionals and Personnel
  • Engineering, Operational, Finance, and Maintenance Professionals

Course Outline
The course aims and learning outcomes

  • Introduction to Projects
  • What is a Project?
  • Benefits of Project Management
  • Why some Projects fail, Project Creep?
  • The Business Case – It’s importance and relevance
  • Developing a clear Project Scope and Objectives
  • Leadership in Projects – What does it mean to you?
  • Stakeholder Management – The first stage of risk assessment
  • Scoping and Laying the Foundations
  • Project Financial Evaluation, how is it done?
  • Project Cash Flow
  • Building the Project Management Team
  • Important Team Dynamics
  • Breaking the Project into its Main Components
  • How to assess Project Risk?
  • Risk Management – ensuring your practice prevention
  • Components of Project Cost

  • Monitoring and Controlling Projects
  • Developing your Project Plan using a robust planning process
  • Effective Planning and Project Control
  • Tracking you are still delivering the Project – data information
  • Project Scheduling
  • Project Control and Earned Value Management
  • How to Manage Conflict in your Project
  • Organising for Success and Gaining & Maintaining Commitment
  • Project Communications
  • Meeting Skills
  • Keys in Reducing Tensions
  • The Project Support Office
  • Project Negotiations Tactics
  • What are the key skill areas needed?

  • Staying Focused, Delivering and Closing Your Project
  • An Introduction to Creative Thinking
  • Formally Closing the Project
  • Lessons Learned and Creating Learning Culture
  • Reducing Waste and Unnecessary Work

 

Module II - Mastering Contracts Management: The Oxford 5-Day MBA

 

  • 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

  • Contract Types and Payments
  • Managing 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
  • Parties to Letter of Credit
  • 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

  • Contract Negotiations
  • Role of Negotiation
  • Negotiation—What Is It?
  • Characteristics of a Good Negotiator
  • Basic Rules of Negotiation, Part 1 - A Quote is never a concrete number
  • Basic Rules of Negotiation, Part 2 - The Best prepared wins
  • Basic Rules of Negotiation, Part 3 - Have many issues and a BATNA
  • Negotiation Tactics
  • Contract Administration and Close Out
  • Post Award Functions - Overview and Responsibilities
  • Contract Administration Duties 
  • Scope of Work Variations
  • Contract Disputes
  • Termination
  • Contract Close-Out

Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Over all rating
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Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY

Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).

At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.

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