Course Outline

INTRODUCTION TO PROJECT MANAGEMENT

The Fundamentals of Project Management

  • Key Definitions in Project Management
  • The Project Life - Cycle
  • Project Complexity Factors
  • Project Strategizing and Managing Triple Constraint
  • Project Context & Environment
  • Key Financial Concepts

Project Planning and Organising

  • The 20 Project Management Sequence Steps
  • Defining Project Scope and Developing Work & Cost Breakdown Structures
  • Project Management Roles & Responsibilities
  • Project Planning Inputs, Tools & Techniques
  • Project Estimating Techniques
  • Project Scheduling Methods

INTRODUCTION TO CONTRACT MANAGEMENT

Understanding Contract Management Principles

  • Contract Formation
  • Identifying Contractual Risk
  • Assessing Contractual Risk
  • Contract Risk Responses
  • General Terms and Conditions

Drafting Contracts

  • Traditional Contract Structures
  • Collaboration
  • Innovative Contract Structures
  • Structuring Payments
  • Contract Workshop

Mastering Contracts Management Principles

  • Assessing Liability Issues
  • Understanding Force Majeure
  • Examining the Effect of Variations on Time
  • Examining the Effect of Variations on Cost  
  • Exploring Liquidated Damages

CONTRACT  RISKS MANAGEMENT                                        

Types and Management of Risk

  • The Need for Contractual Relationships
  • Defining Risk
  • Categories of Risk for Both Sides of a Contract
  • Risk Assessment Process
  • Managing Risk
  • Qualifying Suppliers
  • Defining Internal Control
  • Proportionality of Control

Minimizing and Transferring Risk

  • Transferring Risk through Contract Types
  • Firm Fixed Price or Lump Sum Contracts
  • Cost Reimbursable Contracts
  • Incentive Contracts
  • Award-Fee Pricing Arrangements
  • Indemnities
  • Cross Indemnities
  • Insurance

Risk Related Terms & Conditions

  • External Events
  • Force Majeure
  • Strikes and Other Labour Disputes
  • Risk and Title
  • Use of ICC Incoterms
  • Assignment and Novation
  • Other Clauses that Need to Flow Down to Sub-contractors
  • Risks Associated with Sub-Contractors

Dealing with Financial Risks

  • Controlling Risk Associated with Payments
  • Currency Risk
  • Economic Risk
  • Fraud and Corruption
  • Limiting or Excluding Liability
  • Distinctions between Liability in Contract, and the General Law
  • “Gross Negligence”
  • A Review of Some Sample Clauses from Standard Contracts, and other Real Documents

Remedies When Bad Stuff Happens

  • Mistakes and Misrepresentations
  • Impracticability of Performance
  • Remedies Generally
  • Types of Remedies
  • Liquated Damages
  • Warranties

PROJECT RISKS MANAGEMENT

  • Risk Management Planning
  • Project Context and Risk Boundaries
  • Risk Identification
  • Risk Analysis & Evaluation
  • Risk Response Planning, Implementation & Control
  • Applied Project Risk Simulation

 

Requirements

  • An understanding of project management principles.
  • Experience with team handling.
  • Some legal contract experience would be good to have.
  35 Hours
 

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