The Contracts and Project Management MBA

The Contracts and Project Management

OBJECTIVES

• Mastering the habits of the Master project manager
• Building effective teams and gaining their commitment
• Managing the project planning process
• Monitoring and controlling project progress
• Sustaining project momentum
• Developing critical skills to inspire and lead your team
• Evaluating different contracting methods
• Undertaking appropriate price and cost analyses
• Selecting the right qualified suppliers
• Transferring and retaining the different types of risk
• Dealing swiftly with fluctuations in pricing
• Handling claims and disputes

WHO SHOULD ATTEND?

This course has been designed for Professionals who are responsible for, or involved in, contracting and project management activities; more specifically, project professionals, team leaders, and contracts and procurement professionals.

 COURSE OUTLINE 

Introduction to Projects

• What is a project?
• Benefits of project management
• Why some projects fail?
• What makes you a ‘Master’ of project management
• Project team and leadership
• What is the team approach
• Roles in and around projects
• The 8 habits of ‘Master’ project manager

Identify Your Outcomes and Plan for Achievement

• The importance of knowing your outcomes
• Project planning
• Handling uncertainty
• Decision analysis under risk
• Your own risk profile
• Defining project success criteria
• Planning issues
• Elements of a great project plan

Organize for Success and Gain & Maintain Commitment

• Personal attitudes and human behaviors
• Gaining and maintaining commitment
• The keys to effective influence and persuasion
• Understanding interpersonal project team dynamics
• Empowerment
• The project board
• The project support office
• Effective delegation

Take Massive Action and Stay Focused

• Action vs. Achievements
• Influences on decision making
• Problem solving styles
• Engaging the project team
• Staying focused
• Avoiding distractions
• Effective time utilization
• Plan updating and changes handling

Monitor and Control Achievements

• Data, information and knowledge management
• Integrating project scope, time and cost
• Performance measures and indicators to monitor performance
• Achieving practical conflict management
• Determinants of project success
• Lessons learned and creating learning culture
• Enhancing personal effectiveness

Negotiations Planning

• Role of Negotiation
• Negotiation—What Is It?
• 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 Nuggets
• Role Play a sample Negotiation

Financial Management and Contract Types

• Cost and Pricing
• Why Price is Different from Cost
• Estimating Cost
• Pricing Models
• Cost Analysis
• Risk Sharing Continuum
• Contract Types
• Implications of Contract Types
• Cost-Reimbursement Contracts
• Fixed-Price Contracts
• Economic Price Adjustment Contracts
• Comparison to Cost Estimates
• Invoices and Payments

Performance-Based Contracting

• Contract Management’s Role in Performance-Based Contracting
• Performance-Based Service Acquisition (PBSA), Part 1-Concepts
• Performance-Based Service Acquisition (PBSA), Part 2-The Major Steps
• Market Research Analysis
• Example of Market Research Analysis
• Establishing Baselines for Performance
• Setting Smart Targets
• Writing Performance-Based S.O.W.

Source Selection

• Rules, Regulation and Process for Source Qualification
• Methods of Contracting
• Developing Criteria and Applying Standards for Final Selection
• Rules for Drafting the Contract
• Terms & Conditions
• Forming the Contract
• Essential Elements
• Debriefing-The Post Award Conference

Contract Administration

• Post Award Functions Overview and Responsibilities
• Contract Administration Duties
• Contract Modifications
• Rules of Contract Interpretation
• Performance Monitoring
• Performance Issues/Problems
• Contract Disputes
• Alternative Dispute Resolution (ADR)
• Terminations
• Contract Close-Outs
• Subcontracts