Contracts & Project Management Training Course

• Instructor: ProjectX
• Lectures: 5
• Duration: 5 days

📚 Course Objective

By the end of this 5-day course, participants will:

1. Understand the principles and best practices of contract and project management.
2. Learn how to draft, negotiate, and manage contracts effectively.
3. Develop skills in project planning, execution, monitoring, and closure.
4. Master risk management techniques to prevent contract and project failures.
5. Apply project management tools and contract lifecycle management frameworks.

🛠️ Teaching Methods

• Interactive Lectures: Explore contract and project management principles.
• Workshops: Practical exercises on contract drafting and project planning.
• Case Studies: Analyze real-world project and contract management scenarios.
• Role-Play: Simulate contract negotiations and project team meetings.
• Group Projects: Develop a comprehensive project and contract management plan.

📑 Course Outline

Day 1: Introduction to Contracts and Project Management

• Understanding the role of contracts in project success.
• Key components of effective contracts.
• Project management frameworks (e.g., PMBOK, PRINCE2).
• Aligning project goals with contractual obligations.
• Workshop: Identify risks in sample project contracts.

Day 2: Contract Drafting and Negotiation

• Key clauses in contracts: Scope, timelines, payment terms, penalties, and force majeure.
• Techniques for effective contract negotiation.
• Legal and regulatory considerations in contracts.
• Contractual risk allocation and mitigation strategies.
• Role-Play: Simulated contract negotiation exercise.

Day 3: Project Planning and Execution

• Project scoping and Work Breakdown Structure (WBS).
• Resource planning and allocation.
• Scheduling tools: Gantt charts, CPM (Critical Path Method).
• Communication and stakeholder management.
• Workshop: Create a project timeline and resource plan.

Day 4: Risk Management and Compliance

• Identifying and mitigating contractual and project risks.
• Legal compliance and governance in projects.
• Managing change orders and contract variations.
• Conflict resolution and dispute management strategies.
• Case Study: Analyze a failed project due to contractual issues.

Day 5: Monitoring, Closing, and Evaluation

• Tools for project monitoring and performance evaluation.
• Project handover and closure documentation.
• Contractual audits and compliance checks.
• Lessons learned and continuous improvement frameworks.
• Group Project: Develop and present a combined project and contract management plan.

📝 Evaluation Criteria:

• Participation in discussions and activities: 20%
• Workshop and simulation outcomes: 30%
• Final integrated project and contract management presentation: 50%

🎯 Target Audience:

• Project Managers
• Contract Managers
• Procurement Professionals
• Business Owners and Entrepreneurs
• Team Leaders and Supervisors
• Legal and Compliance Officers