Project Buying and Contract Management
- Course focuses on project management tools, contracts, quality assurance, performance measurement, and total cost of ownership procurement.
- Course aims to develop awareness of success drivers in project buying environments.
- Intended for teams in project buying seeking to improve stakeholder confidence and contract management strategies.
Overview
This 3-day course aims to develop delegates' awareness of the key factors for success in project buying environments. Participants will learn about project governance structures, project financing, project planning tools, managing stakeholders, contracts, quality assurance, performance measurement, total cost of ownership procurement, and evaluating competing options for capital. The course targets teams working in project buying environments looking to enhance their understanding of internal stakeholders' needs and how to incorporate them into contract setup and management strategies.
Who should attend
Project Managers, Professional Purchasers
Course Content
Course duration: 3 Days
Course running order
Day One
What is a Project?
Definition of project
Project governance structures
Project financing approaches
Setting up projects
The project plan
Approaches to planning, co-ordination and control
Progress reporting techniques
Communications management
Managing stakeholders
Project Management Tools
Project planning tools
Gannt charts
Pert CHARTS
Critical Path Analysis
Using Microsoft project – the basics
Day two
Contracts in project buying environments
Building the team
The Supplier
The end customer
The specifiers / engineers
The professional purchaser
The quality assurance function
The project manager
Role of the Professional Purchaser
Designing the contract
Deciding the contract strategy
Designing and managing competition strategies
Supply appraisal selection and negotiation
Contract award
Quality assurance
Role of the quality assurance team
The cost of quality
Managing and measuring performance
Monitoring and tracking performance to plans
Tracking performance through service level agreements
Motivating suppliers
Managing disputes
Managing variations
Dealing with defaults and breaches
Measurement of performance
Why we need to measure – key concepts, efficiency, effectiveness and value for money.
Strategic v tactical measures
Relationships – measuring the quality of long term relationships
Supplier assessment- vendor rating systems
Day three
Total cost of ownership procurement
What is total cost of ownership procurement?
Why is it important to buy on a total cost of ownership basis?
Using performance specifications to increase our options
Designing tender documents to ensure we identify the total cost of ownership
The elements of total cost
Including for all operating costs
Differing approaches to maintenance
Evaluating competing options for capital
Cash flow forecasts
Discounted cash flow
Net present value
Internal rates of return
Course Objectives
To develop delegates awareness of the drivers for success in project buying
Who should attend?
Teams that work in a project buying environment who are seeking to improve their awareness of the drivers for gaining the confidence of the internal stakeholders and how to reflect these in their contract set up and management strategies
Duration / Fees
A 3-day single manned course
