Managing the Project's Contract

SKU:

PMGNOM

Project Management training classes can
be conducted in a traditional classroom or
a virtual classroom.

Or, contact Project Masters, Inc.
toll free at (888) 250-4447

Payment will be required the day before the class.

One-Day Seminar

Course Objectives:

The participants will learn the project manager’s role in managing the project’s contract.

Learn about:

Set up t he procurement planning process
Use t he contract cycle
Determine t he make or buy decision
Set up the solicitation process
Choose a contract type (cost plus, firm fixed price, fixed-price incentive, time and materials)
Apply principles of contract reporting

1.0 Introduction

2.0 Procurement Process

Identify steps involved in the procurement cycle
Acquire the tools and techniques for procurement planning
Determine the steps in making the make or buy decision
Group exercise on making the make or buy decision

3.0 Solicitation Planning

4.0 Contract Formation

Define the steps in contract formation
Identify different contract types and when to use them
Group exercise on putting together a contract

5.0 Go to Bid

Learn to do the formal solicitation
Learn the normal solicitation cycle
Identify the best proposal
Learn the basics and steps of negotiating the contract
Group exercise on negotiating

6.0 Contract Administration

7.0 Contract Closeout

Closeout the contract
Learn about formal acceptance and release of a contract
Learn the importance of celebrating your contract success
Group exercise on closeout contract