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Objectives

• The bottom line is project management is about applying specific principles to bring in projects on time, within budget, and to specifications. As a result, the key objective of this course is to master planning tools, management techniques, and people skills that will ensure project success through:
  • Provide an understanding of Tendering Procedures.
  • Explain the commercial impact of key contractual provisions .
  • Develop an understanding of the Bid Evaluation.
  • Identify where things can go wrong, and learn how to avoid problems, or mitigate their effects through well drafted contracts and good management of tendering.

Understand how to avoid disputes but learn how to deal with them if they arise..

The Delegates

• Managers, Engineers , Members of Board Directors, High Administration , and All Levels of Responsibility in accounting and finance .
• All Staff who are Responsible of Taking Financial Decisions and :
• Plan a Project .
• Manage Project Quality .
• Schedule Project Activities and Deliverables .
• Budget for Projects .
• Control Project Costs .
• Develop Project Teams .
• Manage Contracts And Procurement .
• Optimize And Control Project Communication.

Contents

• The World of Project Management :
• Project lifecycle model
• Classic and modern project constraints and parameters
• The concept of project management maturity
• Selecting projects to meet organizational goals
• Aggregating projects into programmes and portfolios
• Establishing a project support office
• Considering and confronting uncertainty in project selection decisions
• Project data, information and knowledge management
• The art, science and practice of project management
• Case Studies and Group Exercises
• Project Planning, Scheduling and Budgeting :
• Project plan vs. Project planning
• Strategic, tactical and operational planning
• The contents of a project plan
• Level of detail in scheduling
• Network logic and dependency analysis
• Project uncertainty and risk management
• Introducing uncertainty in planning
• Fundamentals of budgeting & cost control
• Methods of budgeting
• Improving cost estimates
• Best practices of project planning, scheduling and budgeting
• Capital Budgeting process and measuring relative cash flows :
• Defining the capital budgeting and determining the questions that we are going to answer
• Defining the capital budgeting process
• Determining the relevant cash flows for each project and how do we calculate it
• The Importance of Contracts :
• Controlling the contract process :
• Contract Formation .
• Tender Process & Different Contract Types :
• Auctions and Bids
• Tender Process
• Heads of Terms and Letters of Comfort .
• Which contract type to select?
• Economic Price Adjustment clauses
• Bonds and Guarantees
• Compliance with law/change of law .
• Main Contract Clauses :
• Obligation to deliver/perform
• Securing Payment
• Delivery, Ownership and Risk in Procurement
• Insurance
• Indemnities – when we need them
• Liquidated Damages/Penalties and the dangers
• Other Key Considerations during the Commissioning Process:
• Variations and changes
• Liability beyond contract
• The value of Intellectual property
• When do contracts end?
• Limiting liability
• Warranty
• Which law to apply to the contract?
• Final contract review and close out process
• Dealing with Disputes :
• Compromise and settlement
• Dispute Resolution clauses
• Litigation
• Arbitration
• Modern methods of resolving disputes

Course summary.

The Discount

10% in case of Three P. (or more)