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Managing Project Contracts

Overview
(1 Day)

Do your projects involve Contracts?  Project Contracts have two dimensions, and you must manage both to succeed.  Are you bidding upon and performing contract efforts?  Are you contracting with others for contract performance?  If you are in any of these situations, this module is for you!

This workshop is structured a little differently than others in our modular curriculum, as the materials are based on a recently-published book on Project Contract Management.  The costs of this module reflect the cost of a copy of the book.

Learning Objectives

• Identify the roles and responsibilities of key participants in a project contract.

• Identify the planning needed to decide when and whether to contract, and the type of contract.

• Discuss the impact of project timings, project information (the Statement of Work) and the trust relationships on the nature of a project bid.

• Discuss the processes and support information needed to solicit, select and administer a contract. Describe the unique Change Control issues of contracts.

• Manage contract risks. Discuss the unique risks of contract variants: offshore or onshore outsourcing; partnering; sole-source. Identify ways to manage the risks.

• Manage and measure performance: setting measurement criteria; establishing progress payment standards.  Making sure escalation and mediation standards are in place.

• Describe the steps needed to close out the contract, including auditing the results, and filing Lessons Learned.

Audience

This module is for Project Managers, Project Office Staff, Functional Managers, Resource Managers and Team Leads of projects involving Contracts.

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