The Contracts and Project Management Mini MBA
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COURSE DATES AND LOCATIONS
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INTRODUCTION
Reputable organizations deeply understand the advantages derived from efficiently mastering optimal methods at pivotal phases of project and contract management, resulting in reduced overall costs and increased productivity. By focusing on superior processes, methodologies and techniques, the MBA Contracts and Project Management training workshop will significantly enhance the skill sets of individuals involved in project and contract endeavors.
This course is designed to provide strategic and practical perspectives, covering areas such as project and contract preparation, management, risk analysis, contractor selection, negotiation, team leadership, and performance evaluation, both of which enhance participants’ strategic insights and practical competencies.
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COURSE OBJECTIVES
By the end of the course, you‘ll be able to:
- Define clear project outcomes before starting.
- Managing challenges associated with material price volatility.
- Analyze the importance of effective planning and skillfully implement planning procedures.
- Get insights into different contract types and their role in allocating risk.
- Identify and implement strategies for effective and decisive action.
- Investigate the various pricing models used in preparing proposals.
- Employing techniques to keep the team aligned with project delivery goals.
- Cultivate negotiation skills to achieve organizational goals.
- Establish and operate essential elements for project monitoring and control.
- Understand the key aspects of contractor pricing and cost analysis.
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COURSE AUDIENCE
This course is made for:
- Executive Administrative
- Business Administrator
- Marketing Coordinator
- Quality Control Coordinator
- Project Manager
- Operations Manager
- Program Manager
- Assistant Manager
- Risk Manager
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Account Executive
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Chief Operating Officer
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Business Analyst
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Team Leader Senior Supervisors
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Researcher
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Entrepreneur
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Management Consultant
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Public Relations Director
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COURSE OUTLINE
Day One:
Projects Management
- What is a Project?
- Benefits of Project Management
- Why some Projects fail, Project Creep?
- The Business Case
- Developing a clear Project Scope and Objectives
- Leadership in Projects
- Stakeholder Management
Scoping and Laying the Foundations
- Project Financial Evaluation
- 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
- Components of Project Cost
Day Two:
Monitoring and Controlling Projects
- Developing your Project Plan using a robust planning process
- Effective Planning and Project Control
- Data information
- Project Scheduling
- Project Control and Earned Value Management
- How to Manage Conflict in your Project
Organizing 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?
Day Three:
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
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 Four:
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
Day Five:
Contract Negotiations
- Role of Negotiation
- Negotiation—What Is It?
- Characteristics of a Good Negotiator
- Basic Rules of Negotiation, Part 1
- Basic Rules of Negotiation, Part 2
- Basic Rules of Negotiation, Part 3
- Negotiation Tactics
Contract Administration and Close Out
- Post Award Functions
- Overview and Responsibilities
- Contract Administration Duties
- Scope of Work Variations
- Contract Disputes
- Termination
