Contract Management in Projects

Contract Management in Projects

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 business and project 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. It can also give you an advantage whether you are on the buyer’s or seller’s side. In this course, you will gain an overview of all phases of contracting, from requirements development to closeout.

The course explores the vital issues described above from the manager’s perspective, highlighting key roles and responsibilities to give you greater influence over how work is performed. You will also discuss actions that can be taken to help ensure that contractors or subcontractors perform as required by the contract. Effective contract management and administration can ensure project success, streamline performance and reduce risks and costs along the way. Discover the keys to contracting from your perspective in this practical course. In this course, you will learn how to achieve commercial success when working within the contractual framework.

Learning objectives

  • Understand the contract process from start to finish
  • Understand contract conditions, including commercial conditions and contractual mechanisms
  • Select the right contract type for your project
  • Agree on objectives, requirements, plans and specifications
  • Negotiate favourable terms and make revisions to the contract
  • Manage progress and client expectations
  • Manage changes and risks

Target audience

This course is aimed at commercial managers, project managers, contract managers and key project team members.

Flexible study options

The course is 100% online. When you enrol, you get access to a unique learning platform with an intuitive user-interface. The amount of time required to complete the course will vary depending on your existing project knowledge and experience. Allow at least 15-20 hours to complete the course.

Metier OEC programmes and Executive MBA at SKEMA Business School

The course can form part of the Diploma in Project Management and the Advanced Certificate in Project Management, which in turn can become part of the Executive MBA in Project Management delivered by SKEMA Business School and Metier. If you take this course as part of a programme including exams and university credits, you will spend more time as you need to review recommended literature and prepare for the exam. The course is worth 5 ECTS as part of an academic degree.

Topics covered

  • Projects and contracts
  • Roles, responsibilities and incentives – buyer and seller
  • Contract strategy
  • Business case and commercial conditions
  • Contract process
  • Contract conditions, mechanisms, targets and constraints
  • Contract documents
  • Contract types – price formats and risk allocation
  • Negotiations
  • Contract administration – managing the contract
  • Managing changes
  • Avoiding conflicts
  • Close-out and handover

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