Course Outline

Course Outline

The 10-day Contract & Project Management Professional

Ref No. Dates Venue Fee (US$)  
CM 009 08 - 19 Apr 2019 Istanbul 10000 Register
CM 009 22 Jul - 02 Aug 2019 California 11000 Register
CM 009 14 - 25 Oct 2019 London 10000 Register
CM 009 02 - 13 Dec 2019 New York 11000 Register

The 10-day Contract & Project Management Professional

Introduction

Week 1 of PROCLAD Academy’s highly interactive 10-day Contract & Project Management Professional training course deals with commercial contract management and follow principles widely used in international contracting. This will provide participants a practical hands-on approach to effective management of contracts and offer techniques and contract strategies to assist this process.

During Week 2, participants will significantly enhance the skills and knowledge of delegates and improve their ability to plan, manage, and control projects. Additionally, the course deals with the systematic identification and quantification of project risks, as well as the development of detailed risk treatment strategies to mitigate all relevant risks that may threaten the intended outcomes of the project.

Learning Objectives

Participants on PROCLAD Academy’s 10-day Contract & Project Management Professional training course will:

  • Improve their understanding of the legal and commercial elements of contracts
  • Learn about different contracting strategies and how they transfer risk
  • Understand and manage the commercial impact of principal obligations
  • Be able to manage claims and disputes
  • Understand the types of remedies available and the processes to be followed
  • Master the techniques required for effective project planning and control
  • Learn to integrate scope, time, resources and cost management into a dynamic, manageable plan
  • Develop project network diagrams (CPM) to identify schedule and cost risks
  • Understand the trade-off between time and cost to ensure project success
  • Learn to measure, forecast and control project performance by employing earned value techniques, and
  • Produce clear and concise project progress reports and administer project documentation and reporting
Target Audience

PROCLAD Academy’s 10-day Contract & Project Management Professional training course is suitable for;

  • Any personnel involved in the planning, evaluation, preparation and management of contracts in the areas of Procurement, Engineering, Construction, Operations, Maintenance and Finance
  • Contract Administrators and Legal Department personnel
  • Project Managers and Project Leaders
  • Project Planners and Scheduling Staff
  • Production Engineers
  • Project Professionals
Training Methodology

PROCLAD Academy’s 10-day Contract & Project Management Professional training course will include a variety of instructional methods, and involve a high level of interaction. The course will explain principles and issues using real examples, and will involve participants through discussion and debate, and individual and group exercises. Participants are encouraged to discuss their own work-related issues and problems on a confidential basis. There will be ample time for Q & A.

Course Outline
  • Types and use
  • Principal Risks and their Management
  • Types and Sources of Law
  • Judicial and Arbitral Systems
  • Choice of Law, Forum and Jurisdiction
  • Formation, Validity and Structure of Contracts
  • Drafting Pitfalls
  • Notices and other Formalities
  • Indemnities, Guarantees, Warranties
  • Bonds and other Security Documentation
  • Time – progress and completion
  • Quality – standard, testing, acceptance
  • Price and Payment
  • Title and risk transfer
  • Intellectual Property
  • Changes and Variations
  • Delay
  • Force Majeure
  • Valuation
  • Processes and Procedures
  • Eliminating Sources of Disputes
  • Suspension and Termination
  • Types of Loss and Damage, Limits and Exclusions of Liability
  • Alternative Dispute Resolution
  • Arbitration and Litigation
  • Corporate Strategy and Organizational Projects
  • Environmental Analysis and Portfolio Development
  • Project Classification & Characteristics
  • Project Development Life Cycle
  • The Triple Constraint
  • Scope Planning
  • Work Breakdown Structures (WBS)
  • Precedence Network Diagramming
  • Activity Duration Estimation
  • Bid Documents Development
  • Project Resource Table & Budget
  • Project Cost Baseline Management
  • Project Management Reporting
  • Earned Value Control Process
  • Progress Control Charts – Trend Analysis
  • Schedule and Cost Variance Forecasting
  • Estimated Cost at Completion
  • Estimated Duration at Completion
  • Progress Tracking and Monitoring
  • The Pricing Arrangement
  • Costs to Provide Engineering Services
  • Fixed Price Compensation
  • Incentive Compensation
  • Cost-Plus Compensation
  • Time-and-Materials
  • Overview of the Risk Management Process
  • Risk Management Model
  • Risk identification & Risk Characteristics
  • Risk Mitigation Strategies
  • Risk Scenario Description
  • Most likely monetary impact
  • Plotting the probability and impact
  • Expected Monetary Value (EMV)
  • Risk Quantification and EMV
  • Decisions Under Conditions of Uncertainty
  • Risk Profile EMV Calculation before Mitigation
  • Identification of Risk Triggers & Probability
  • Identification of Risk Receptors & Impact
  • Combined EMV Risk Profile before Mitigation
  • Developing Probability Mitigation Strategies
  • Developing Impact Mitigation Strategies
  • Replotting the Projected Risk Profile after Mitigation
  • Deriving the Most Economic Mitigation Point
  • Final Risk EMV and Project Feasibility Calculations after Mitigation