In every organization, the effective expenditure of enormous sums of money and resources is dependent on successful contract management activities. Selecting the appropriate contracting models and creating and managing formal agreements with suppliers of goods and services requires not only a complete understanding of the business requirements and organization needs but also depends on keeping up-to-date on contracting. This program is designed to:
Explore the advanced practices generally viewed as leading to World-Class performance in contract selection, development, and management.
Enable participants to determine where they are now.
Help participants to begin immediate implementation of the steps needed to create maximum total value for their organization
Be more effective in contract management activities.
Select the appropriate types and forms of contracts for different situations.
Anticipate problems and manage risks.
Integrate contract management with contract needs.
Understand the best means of handling disputes and performance issues.
Establish terms and conditions for different situations.
Have the latest advances in contract selection and management.
Experienced Contract Administrators
Legal Professionals
Contract Managers
Procurement Professionals
Project Managers
Risk Managers
Finance Professionals
Business Leaders
Business Analysts
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.
Defining Contract Management Responsibilities.
Basic contract planning.
Communication and managing expectations.
Assessing and allocating risk:
Identifying Risk.
Apportioning Risk:
Incorporating Risk Assessment and Management.
Selecting types of contracts.
Traditional - lump sum, schedule of rates, reimbursable, etc.
EPC.
BOT/BOOT.
Alliance/partnering.
Warranty Management.
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.
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.
Finding Contract Templates.
Using standard form documents.
Modifying standard forms.
Drafting special conditions.
Issues for subcontracts.
Errors and omissions.
Anticipating and avoiding Conflicts.
Dealing with Unknowns.
Tracking Changes.
Managing Expectations.
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.
Revisiting Strategic Alliance and Partnering Agreements and BOT/BOOT.
Prime Contracting and other Consolidated Sourcing Contracts.
Being an operations administrator and planning who does what and when within a team requires a high level of ability and is fraught with difficulties. This training program in administrative operations and coordination will offer a special chance to grasp the abilities needed for this position, from the macro to the micro. From the technical talents needed to plan and implement procedures, to the more delicate abilities of speaking clearly and confidently with others, to the leadership and management capacities to think broadly and organize.
The term ‘strategic management’ is used to denote a branch of management that is concerned with the development of strategic vision, setting out objectives, formulating and implementing strategies, and introducing corrective measures for the deviations (if any) to reach the organization’s strategic intent.
Therefore, this Strategic Management Course focuses on delivering a high-level practical understanding of the complete elements of the subject – analysis, planning, implementation, review, development.
Achieving outstanding sales results in an increasingly competitive world is a difficult task. Only by establishing a modern sales force management system and by training sales management personnel effectively, can today’s firm compete. The Certified Sales Manager course provides frontline sales managers with the knowledge, skills, and tools they need to drive bottom-line performance. It focuses on improving organization and forecasting skills, as well as other technical competencies aimed at guiding salespeople towards higher performance.
Alliances in business are a natural route for development – but not all contracting relationships can truly be seen as alliances. A good, trusting and open relationship is essential for a long-term and successful alliance – and this needs to be practiced by the negotiators involved. Negotiation is inevitably at the heart of every process to achieve what you want, whether in an agreement, bargaining for an item, or closing a deal. At the end of each negotiation, the goal is to seek a win/win outcome – an essential characteristic of long-lasting alliances. This course provides an essential framework for effective negotiation — which will be vital for building and exploiting an alliance - from building the relationship, critical thinking to prioritize goals
A greater grasp of IT governance and management is the goal of this COBIT 2019 Foundation course. COBIT is a comprehensive library of information, tools, models, and resources that enable business executives to achieve their goals for effective governance. Best practices for corporate information and technology governance and management can be found in COBIT 2019 FOUNDATION, the most recent version of the industry-leading framework for these activities.
The economic analysis is a scientific method of research and a logical method of economic study, through which the factors influencing the behavior of economic phenomena can be explained. And it provides us with the different logical tools that are used to derive the different economic theories. If the theory represents the conclusion, the analysis represents the research platform.
There are different classifications of the types of economic analysis On different criteria related to the size of the economic unit covered by the analysis and the degree of comprehension desired by the analyst and can be classified economic analysis: to partial analysis, and comprehensive analysis.