0800 282 353 or +44 1372 364610
Productivity through Education®
 
 

Contracting for Project Managers: Principles and Practices for Success

 
Course: 938   Type: Workshop Course   Duration: 3 Days   PMI: 17
 
 

You Will Learn How To

  • Apply effective contracting strategies and techniques to maximise results and minimise risk
  • Manage an effective contract life cycle
  • Identify strategies and tactics to select the most qualified vendors
  • Orchestrate the negotiation process for "win-win" outcomes
  • Employ best practices for contract administration and execution
  • Ensure delivery of intended objectives and successful contract closure

Course Benefits

As contracts continue to be the foundation of business relationships, organisations need to implement effective contract practices to avoid risk and achieve optimal outcomes. This course provides you with the knowledge and skills to manage and execute the contracting process successfully. Throughout the course, you learn how to implement the contract life cycle and avoid common pitfalls.

Who Should Attend

Project managers, contract managers and other professionals involved in the contract life cycle. This course benefits all stakeholders involved in the buying and selling roles. Experience at the level of Course 296, "Project Management: Skills for Success", is recommended but not required.

Workshop Course

Through extended experiential activities, you simulate real-world situations and practise contracting skills and techniques. Practical exercises include:
  • Identifying common issues in the process
  • Applying decision-making models for vendor choice
  • Determining the appropriate contract type
  • Demonstrating the buyer vs. seller position
  • Creating a comprehensive Request for Proposal
  • Employing effective negotiation techniques
  • Reviewing the meaning of legal terminology within the contract
  • Analysing the impact of a contract change request

Related Courses

  • 296 Project Management: Skills for Success
  • 286 Project Risk Management
  • 315 Developing User Requirements
  • 921 Project Recovery: Diagnosis, Strategy and Prevention
  • 276 Preparing for the PMP Exam
  • 177 PRINCE2® Practitioner Certification
  • 1176 PRINCE2® Foundation Certification

 
RealityPlus is a trademark of Learning Tree International. PMBOK is a registered trademark of the Project Management Institute, Inc.
  Contracting for Project Managers

Upcoming Dates


For complete schedule, please visit www.learningtree.co.uk
24 - 26 NovLondon 
6 - 8 AprLondon 
 
http://www.learningtree.co.uk/courses/uk938.htm
 
 
0800 282 353 or +44 1372 364610
Productivity through Education®
 
 

Contracting for Project Managers: Principles and Practices for Success

 
Course: 938   Type: Workshop Course   Duration: 3 Days   PMI: 17
 
 
Course Content
 

Rationale for Contracts

  • Avoiding, mitigating and transferring risk
  • Controlling costs with supply chain participants
  • Managing buyer-seller relationships

Defining Contract Principles

Establishing a foundation in law

  • Clarifying the elements that constitute a binding contract
  • Demystifying legal jargon

Surveying appropriate pricing options

  • Analysing key drivers
  • Evaluating suitability of terms

Launching the Contract Life Cycle

Justifying the contract

  • Conducting a needs analysis
  • Determining "make" or "buy" decisions

Preparing a procurement plan

  • Setting contract objectives and statement of work
  • Creating the communications plan
  • Developing the contract approach

Qualifying potential vendors

  • Gathering market intelligence
  • Analysing capabilities against specified criteria
  • Narrowing the field of suppliers

Leveraging communication for "win-win"

  • Addressing the conflicting needs of buyers and sellers
  • Selecting efficient methods for obtaining information

Optimising Vendor Selection

Soliciting vendor submissions

  • Reviewing key components
  • Processing and disseminating the request

Refining criteria for evaluation

  • Applying PMBOK® Guide and other best practices
  • Employing analytic and heuristics tools and techniques

Assessing submissions

  • Establishing review processes
  • Evaluating vendor services and products
  • Visiting vendor sites for optimum effect
  • Performing due diligence of vendor choices
  • Handling a "no bid" scenario

Negotiating Favourable Results

Employing principles and tools

  • Selecting a suitable negotiation model
  • Creating an effective plan

Addressing tactical considerations

  • Anticipating the seller's strategy
  • Preparing the buyer's strategy

Influencing negotiation

  • Orchestrating roles and expectations
  • Leveraging the environment for successful outcome

Finalising the contract terms

  • Drafting the document
  • Applying change in a controlled manner
  • Obtaining stakeholder signature approval

Executing the Contract

Administering the contract

  • Buyer versus seller perspectives
  • Project manager role during implementation

Applying contract administration tools

  • Performance reviews
  • Inspections audits
  • Vendor Scorecards
  • Administration reports

Coordinating multiple contracts

  • Integrating with the project
  • Assessing the impact within the organisation

Managing issues

  • Conducting impact analyses
  • Identifying, assessing and mitigating risk

Managing change

  • Implementing change control procedures
  • Responding to exception conditions
  • Modifying contracts based upon change requests

Closing the Contract

Completing terms and conditions

  • Verifying scope delivery
  • Transferring service into operational control
  • Authorising final payment to vendor

Ongoing support and maintenance

  • Service Level Agreements, warranties and guarantees
  • Managing updates and upgrades
 
http://www.learningtree.co.uk/courses/uk938.htm
 
 
0800 282 353 or +44 1372 364610
Productivity through Education®
 
 

Contracting for Project Managers: Principles and Practices for Success Tuition

 
Course: 938   Type: Workshop Course   Duration: 3 Days   PMI: 17
 
 

£ 1,475 Standard Fee
Savings Plans
£ 1,000Flex-Training Pass
£ 75010-Day Training Pass
£ 1,520Voucher 10-Pack
£ 1,330Alumni Gold Discount
 

Your Course Fee Entitles You To...

  • Class participation
  • Team workshops
  • Use of in-class hands-on equipment
  • Comprehensive course materials
  • Morning and afternoon refreshments
  • Course Completion Certificate
  • FREE participation in the Learning Tree Professional Certification Programmes (including related exams)
 
 

Tuition Savings Plans

Flex-Training Pass
  • 3 Courses for £2,995
  • As little as £1,000
  • Savings as much as 50%
  • 3 courses in 24 months
10-Day Training Pass
  • Save as much as £895 per course
  • Any combination of courses
  • Only £2,495
Training Vouchers
  • Save as much as £625 per course
  • Fully transferable
  • As low as £1,520 per course
Alumni Gold Discount Attend your first course and you will receive a personalised Alumni Gold Discount card, entitling you to save as much as £210 on each course you take in the following 24 months. Take just one course every two years, and you will be entitled to ongoing discounts...year after year. You save 10%.
* Exact savings may vary depending on courses selected.

Your Guarantee of Satisfaction

Unless you feel 100% satisfied that Learning Tree delivered even more than you expected, there is no fee for your course attendance. Our Guarantee of Quality lets you experience the value of the course - and then pay only if you feel the course was well worth the fee.

Enrolling is Easy and Flexible!

Enrol by phone or online. If your plans change, just let us know and, without a fee, you can transfer to another course or cancel your enrollment. Pay after you've taken the course, and then only if you are 100% satisfied.

 
http://www.learningtree.co.uk/courses/uk938.htm