Project Management Training Track 2

Contract Management

Session Duration: 2 Days

Training scheduled on an as needed basis

Project Managers, contract managers and other professionals involved in the world of contracts must be able to work effectively together and with customers, contractors and subcontractors to accomplish key organizational objectives. Because contracts are developed in an increasingly complex environment, including the rising use of contracted supplies and services throughout government and industry, a solid understanding of the contracting process is critical and can give an advantage whether you are on the buyer’s or seller’s side.  Effective contract negotiation and administration can ensure project success, speed performance, and reduce risks and costs along the way.

You will learn:

• How to identify contract components and understand the process from start to finish
• How to select the right contract type for your project
• How to decipher contract legalese
• How to choose the offer that will result in the best value for the buyer
• How to agree on objectives, requirements, plans and specifications
• How to negotiate favorable terms and make revisions to the contract
• How to administer contracts appropriately, and know when and how to terminate before or upon completion

You will benefit by:

• Getting an overview of all phases of contracting, from requirements development to closeout
• Seeing how incentives can be used to improve contract results
• Discussing actions that can be taken to help ensure that contractors or subcontractors perform as required under the contract
• Role-playing negotiation exercises to maximize the learning experience

Audience:

Designed for Project Managers this course requires that participants have completed The Fundamentals of Project Management and the Project Management Guide training.