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 Advanced Project & Construction Management (P4101) QR Code

Advanced Project & Construction Management

Overview:

Introduction:

In the present competitive business environment, there is an ever-increasing emphasis on the timely market introduction of products. Owners are extremely sensitive to global market forces and are seeking to reduce project cost and duration. This then confronts Contractors and Suppliers with increased challenges to meet these demands without jeopardizing their commercial positions. Contracts are the basis of all projects and establish the responsibilities and rights of the parties. Once the contractual matrix is established, competent project planning and execution techniques are essential tools to achieve the goals of a project, particularly within compressed or accelerated conditions.

This highly interactive program will provide a practical hands-on approach to the effective creation of contracts and the management of both the contract and the project to which it relates. It will also offer techniques and contract strategies to assist this process, including establishing a risk management strategy with reference to contracts, and techniques for managing the planning, and developing good business practices to take advantage of opportunities, enhance efficiency and increase profitability. It will also enable delegates to:

Course Objectives:

At the end of this course the participants will be able to:

  • Understand the necessary contractual and legal knowledge.
  • Understand the application of different types of agreements.
  • Increase commercial awareness needed to enhance the smooth running of contracts.
  • Identify and mitigate risk factors and associated commercial and program implications.
  • Understand the importance of checklists, file-management, and standardization of documentation effectively to reduce exposure to risk.
  • Understand various project delivery systems.
  • Increase understanding of commercial liabilities resulting from schedule changes and variations.
  • Apply Advanced Scheduling techniques.
  • Develop a Project Control System.
  • Analyze, negotiate, and implement the most appropriate method of resolving disputes preventing escalation by early identification.

Targeted Audience:

  • Associate Project Managers, Project Managers, IT Project Managers, Senior Project Managers
  • Project Coordinators
  • Project Analysts
  • Project Leaders, Team Leaders
  • Product Managers, Program Managers
  • Project Sponsors and Project Team Members

Course Outlines:

Unit 1: The Basis of Contracting:

  • Principles of Good Contracting.
  • Why do we use contracts?
  • Key steps in the creation of a Contract.
  • Essential elements of a valid Contract.
  • Overview of Tendering & Contract Award Process.
  • Advantages of tendering and some pitfalls to avoid
  • Distinguishing price and values.
  • Other Types of Obligation Documents.
  • Bonds and guarantees.
  • Letters of intent and award - are they contractual?
  • Letters of Comfort - Do they mean anything?
  • Side letters - why they can be dangerous.
  • When to Obtain Legal Advice.
  • Law of Agency.
  • Authority to sign contracts.
  • Organizing strategies for Contract Management.
  • Defining Contract Management Responsibilities.
  • Basic contract planning.
  • Communication and managing expectations.

Unit 2: Risks and Selecting The Right Contract Structure:

  • Assessing and allocating risk.
  • Identifying Risk.
  • Apportioning Risk.
  • Incorporating Risk Assessment and Management.
  • Selecting types of contract.
  • Traditional - lump sum, schedule of rates, reimbursable, etc.
  • EPC.
  • BOT/BOOT.
  • Alliance/partnering.
  • Warranty Management.

Unit 3: Major Contract Terms to Aid the Handling of Performance Issues:

  • Effective handling of Contract Performance issues.
  • Design and Specification.
  • Work Ordering Process.
  • Obligation to perform work.
  • Transfer for ownership.
  • Risk of damage.
  • Contract Administration.
  • Reporting Mechanisms.
  • Cost Control.
  • Recovery Clauses - Acceleration.
  • Insurance and Indemnities.
  • Termination and suspension.

Unit 4: Managing Change Within a Contract:

  • Understanding change.
  • Changes to the contract documents.
  • Variations in scope.
  • Increases and decreases.
  • Change in timing.
  • Change in method of working.
  • Managing change.
  • Risks of uncontrolled change.
  • Developing Contract Terms and Conditions.
  • Finding Contract Templates.
  • Using standard form documents.
  • Modifying standard forms.
  • Drafting special conditions.
  • Issues for subcontracts.

Unit 5: Resolution of Disputes:

  • Eliminating sources of Contract disputes.
  • Errors and omissions.
  • Anticipating and avoiding Conflicts.
  • Dealing with Unknowns.
  • Tracking Changes.
  • Managing Expectations.
  • Resolving disputes.
  • Negotiation.
  • Stage processes.
  • The need for compromise.
  • Negotiation techniques.
  • Litigation.
  • Arbitration.
  • Alternative Dispute Resolution.
  • Expert determination.
  • Early neutral evaluation.
  • Mini-Arbitration.
  • Mediation.
  • Med/Arb and Arb/Med.
  • Pendulum Arbitration.
  • Dispute Review Board and similar arrangements.
  • The future in the Middle East.
  • Revisiting Strategic Alliance and Partnering Agreements and BOT/BOOT.
  • Prime Contracting and other Consolidated Sourcing Contracts.
  • Online Contracting and e-tendering.
  • Contract Management Review and Summary.
  • Program highlights and final observations.
  • Why do we do projects?
  • What is a project?
  • What is project management?
  • Project Delivery Systems / Life-cycle Models.
  • Initiating.
  • Project selection.
  • Qualitative techniques.
  • Quantitative techniques - Economic Evaluation.
  • Selecting the right project manager.
  • Project Objectives and Stakeholder assessment - who wants what?
  • Identification of stakeholders.
  • Stakeholder analysis.
  • Management of stakeholders.

Unit 6: Planning:

  • Task Characteristics and Duration Assessment.
  • Planning and Scheduling Methods.
  • Critical Path vs Critical Chain Scheduling.
  • Resource Allocation Methods.
  • Time-Cost Trade-off.
  • Lead/Lag Scheduling.
  • Critical Chain scheduling.

Unit 7: Proactive Project Risk Management:

  • What do we mean by risk?
  • Risk vs. uncertainty.
  • Attitudes towards risk.
  • Risk identification, factors, and sources.
  • Risk analysis approaches.
  • Qualification and quantification of probability and impact.
  • Dealing with subjective elements of risk.
  • Risk strategies.

Unit 8: Executing:

  • Lean Construction Strategies.
  • Staff Acquisition.
  • Team Development and Motivation.
  • Leadership vs Management.
  • Management styles and Conflict Handling.

Unit 9: Monitoring and Controlling:

  • Using Earned Value to report accomplishment.
  • Implementing Risk strategies.
  • Project Closing.

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