The Contracts & Project Management MBA

Created by LEC Team
Last updated Mon, 27-Mar-2023
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Training Goals of The Dealings & Project Administration MBA


  • Taking care of unstable Materials Pricing
  • Reviewing the significance of planning and exactly how to manage the Planning Refine
  • Finding Out About Contract Kind as well as exactly how they Transfer Threat
  • Defining and exactly how to take Massive Activity
  • Exploring the different Pricing Models made use of in preparing Proposals
  • Approaches of how to maintain the Team concentrated on the Distribution Objective
  • Creating Settlement Skillsets to obtain the Organisation's Purposes
  • How to Establish as well as Operate Techniques needed to Monitor and also Control Projects?
  • Comprehending Vital Elements of Professional Cost as well as Price Evaluation


Day 1
The fundamentals of project management

  • Key Definitions in Project Management

  • The Project Life-Cycle

  • Project Complexity Factors

  • Project Strategizing and Managing Triple Constraint

  • Project Context & Environment

  • Key Financial Concepts



Day 9
Contract negotiations

  • Role of Negotiation

  • Negotiation — What Is It?

  • Characteristics of a Good Negotiator

  • Essential Rules of Negotiation, Part 1 - A Quote is Never a Concrete Number

  • Essential Rules of Negotiation, Part 2 - The Best Prepared Wins

  • Essential Rules of Negotiation, Part 3 - Have Many Issues and a BATNA

  • Negotiation Tactics



Day 8
Source selection and contract development

  • Processes for Source Qualification

  • Developing Pre-qualification and Tendering Criteria

  • Rules for Drafting the Contract

  • Terms & Conditions

  • Forming the Contract

  • Use of Performance based Contracting



Day 7
Contract types and payments

  • Managing Contract Risk

  • Contract Risk Sharing Continuum

  • Implications of Contract Types

  • Fixed Price and Cost-Reimbursement Contracts

  • Innovative Contract Types

  • Economic Price Adjustment Clauses

  • Invoices and Payments



Day 6
Good contracting and procurement practice

  • Elements of a Good Contracting and Procurement Process

  • Cost and Pricing

  • Cost Analysis

  • Allocating Overheads

  • What is a Fair Profit

  • Pricing Models



Day 5
Project leadership and stakeholder management

  • Understanding Leadership & Management

  • Working in Project Teams

  • The Team Development Cycle

  • Keys to Effective Influence & Persuasion

  • Improving Communication, Delegation & Motivating Skills

  • Managing Stakeholders & Stakeholder Expectations



Day 4
Project risk management

  • Risk Management Planning

  • Risk Identification

  • Qualitative Risk Analysis

  • Quantitative Risk Analysis

  • Risk Response Planning & Implementing

  • Controlling Project Risks



Day 3
Implementing, executing and controlling projects

  • Project Implementation & Resource Management

  • Developing Project Control Systems

  • Keeping Projects On-Track & Controlling Change

  • Project Performance Measurement & Key Performance Indicators

  • Earned Value Management

  • Project Progress Measurement from Initiation to Handover



Day 2
Project planning and organising

  • The 20 Project Management Sequence Steps

  • Defining Project Scope and Developing Work & Cost Breakdown Structures

  • Project Management Roles & Responsibilities

  • Project Planning Inputs, Tools & Techniques

  • Project Estimating Techniques

  • Project Scheduling Methods



Day 10
Contract administration and closeout
  • Post Award Functions - Overview and Responsibilities

  • Contract Administration Duties

  • Scope of Work Variations

  • Force Majeure

  • Termination

  • Contract Close-Out


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