This workshop was designed to provide a practical structure to assist you to effectively manage vendor and partner relationships. We will discuss the entire lifecycle of the relationship from concept, through solicitation and selection, and finally through the life of the contract to closure. The focus of this course is on how the strategic management of the contract is dependent upon the type of contract that you have in place. This course is aligned with PMI’s PMBOK.
Target Audience:
This course is suitable for anyone involved in the purchasing or procurement processes. This includes Project Managers, Project Leaders, Project Engineers, Business Analysts, Project Office Staff, and others.
Key Participant Benefits:
The course aims to develop your professional skills and thinking in the contract management area. With today’s projects increasingly being performed through purchased goods and services, your ability to manage these relationships can give you an edge in today’s competitive marketplace.
Key Business Benefits
This course explores vital to give you greater influence over the management of your contracted relationships so that the performance goals are met. You'll also discuss actions that can be taken to help ensure that contractors or subcontractors perform as required under the contract and also to ensure that the outcomes are win-win. This is one of the most important aspects of successful projects and one that can have the most impact on meeting objectives. Effective contract negotiation and administration can ensure project success, speed performance, and reduce risks and costs along the way.
At Course Completion:
After completing this course, students will be able to:
Understand the PMI Procurement Framework
Define the role of the project manager and other roles in the procurement process
Analyze Stakeholders and their impact on the contract objectives
Understand Contracts and specialized terms and conditions
Match types of contracts with specific techniques to manage the contracts
Conduct a Contract risk analysis
Manage the contract throughout the lifecycle with specific criteria
