Understanding and Managing Contract Principles in Projects

Understanding and Managing Contract Principles in Projects

Introduction:

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field. This course will help project managers gain a knowledge in contracting and negotiating. It will also make them understand the phases and requirements of a successful contract and its effect on the long and short run. They will also learn how to test and improve their current practices in contracting. We should not forget to mention the actions that should be taken to ensure the parties compliance with the contract.

Objectives:

After attending this course, participants will be able to:

1. Understand the contract management process
2. Mention the contract components and necessities.
3. Select the right contract in respect to the project type.
4. Negotiate favorable terms and revise the contract.

Content:

Module 1:

1. What is a contract?
2. The importance of contracts.
3. What are the different contracting methods?
4. Contracts General principles and concepts.

Module 2:

1. The sources of contract laws.
2. Considering the rights and obligations of all parties.
3. Planning for potential risks in contracts.
4. Being wise and proactive in writing contracts.

Module 3:

1. Satisfying contract pricing agreements.
2. Pre-award phase
3. Award phase
4. Contract administration

Module 4:

1. Conditions, promises and warranties.
2. Win-win negotiations for a higher confidentiality.

1. General clauses in contracts.
2. Modeling contracts.
3. Termination of contracts.

Who Should Attend?

1. Project Leaders.
2. Project Team Members.
3. Project Assistants.
4. New Project Managers.
5. Anyone seeking career development in project management.