Advanced Contract Management

Maximising Contract Effectiveness

Format availability:

In-Person

Duration:

5 Days

Introduction to the course

This Advanced Contract Management training course will help you to develop the advanced skills required to get the best out of your project contracts. Organisations frequently use contracts to implement project activities or work packages. Unless managed well, this can be source of risk and loss for the organisaiton. This training course will cover the skills required to maximise the value that is returned from these critical commercial relationships.You may have experience in managing projects, contracts, or both. This training course will build on that knowledge in an easily understandable way so that you expand your capability and effectiveness. More importantly, it will give you some practical tools and techniques that you can apply, which will give a tangible increase in the benefit that you will gain from this training course.

This Advanced Contract Management training course will highlight:

  • The key stages in managing contracts and the critical skills required
  • The crucial interface between project and contract management
  • The importance of post-award contract management
  • How to maximise value and benefit

Course details

This training course will equip you with all of the knowledge that you need to be effective when managing projects in a contractual environment.

At the end of this Advanced Contract Management training course, you will understand:

  • Methods for improving contract performance
  • How to deal with common issues including slippage, scope creep and cost growth
  • Ways to handle claims and disputes successfully
  • The steps needed to prepare for post award contract management
  • How to manage risk and change
  • Key “soft” skills to help you solve problems and get the best out of people

The training course is full of practical techniques and examples, intended to enhance knowledge and give practical benefit. The worked examples, case studies and team exercises will make applying the knowledge gained much easier. Often, helpful insight can be gained from discussion with other delegates, and the course delivery style will provide opportunities to do this.

By sending delegates on this Advanced Contract Management training course, organisations will maximise their gain from the contracts awarded in their projects, and reduce the risk of poor performance, financial loss, reduced value and reputational damage. The organisation will also gain:

  • Increased capability and competence in managing its contracts
  • Greater benefit and returned value from the contracts it places

Delegates who attend this Advanced Contract Management training course will learn how to ensure that contracts deliver the results required, that the relationship between contract parties remains good and that difficulties and adverse events can be overcome. Importantly, they will learn how to:

  • Manage risk and change in contracts
  • Maximise team performance and get the best out of everyone involved

Implementing project activities through contracts is common place, and will touch a range of people working in project management and related disciplines. It is suitable to a wide range of professionals but will greatly benefit:

  • Contract holders
  • Contract & procurement team members
  • Project managers
  • Project team members
  • Project Management Office (PMO) staff
  • Assurance and quality management staff

Daily Agenda

DAY 1:
Introduction and Review of Basic Principles
  • Why contract management?
  • Benefits of doing it right and problems with doing it wrong
  • Overview of overall contracts & procurement cycle
  • Relationship to project management
  • Developing effective procurement strategies
  • Common contract types – pros, cons, and risks
  • Key roles and responsibilities
DAY 2:
Post Award Management
  • Preparation for contract post award phase
  • Handover from contract award
  • Process overview, including inputs and outputs
    • Initiation stage
    • Planning stage
    • Delivery stage
  • Change management
  • Risk management
DAY 3:
Contract Closeout
  • Closeout process overview, including inputs and outputs
  • Contract closure
  • Handover and transition
  • Operations and support
  • Handling premature close
DAY 4:
Key Management Skills
  • Relationship and stakeholder management
  • Communication
  • Performance management
  • Negotiation
  • Conflict management
  • Leadership
  • Documentation and record keeping 
DAY 5:
Encountering and Solving Problems
  • Common issues and risks, and how to deal with them
  • Disputes
  • Claims
  • Completion, sign off and payment problems
  • Recap of material
  • Reference Material
  • Things you can do when you return to your desk

Frequently Asked Questions

There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.

You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.

Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.

Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.

It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.

Enroll now

Click on a date to enroll and save your seat
New York
03-07 Jun 2024
Fee: $6,950
London
22-26 Jul 2024
Fee: $5,950
London
07-11 Oct 2024
Fee: $5,950
Barcelona
25-29 Nov 2024
Fee: $5,950
London
30 Dec 2024-03 Jan 2025
Fee: $5,950
Course customization available
Course customization available

This training course is available to be conducted at your own pace & at your own time. Request for a quotation now and our training advisor will contact you shortly

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