Project Contract Management

Duration:

2 Days

This 2- day workshop introduces the student to the basic concepts of project contract management principles, policies, and responsibilities. It provides guidance on carrying out the vital responsibilities of a Project Manager in managing contracts and handling the challenges and problems that arise during the life of a contract. This workshop will provide legal understanding of a contract. Lecture and discussion are reinforced with team and individual exercises.

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Course Objectives

Upon completion of this program, participants will be able to:

Understand concepts on contract management
Understand the different parts of the contract and its legal implications.
Avoid common problems and reduce risk
Manage the change process more effectively
Understand the importance of payment management
Monitor completion criteria and acceptance
Resolve disputes quickly and reduce costs
Manage contracts to meet targets and increase productivity.

Course Content

Contract Management - A Proactive Process
Contract Management - Planning
Dispute Avoidance and Resolution
Change Management
Monitoring Progress - Tools and Techniques
Acceptance—What Works
Invoice and Payment Management
Terminations—What to Know, What to Do
Contract Closeout—Final Actions

Who should attend?

Project managers, team leads, business managers who are involved in managing project contracts.

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