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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.

The 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)