Contract / Vendor Project Management Training Course

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Project managers, vendor managers and other professionals involved in the world of contracts must be able to work effectively with customers, contractors and subcontractors to accomplish key organisational objectives. Because contracts are developed in an increasingly complex environment, including the rising use of “contracted suppliers and services” throughout government and industry, a solid understanding of the contracting and management process is critical and can give an advantage, irrespective of whether you are a buyer or a seller.

Effective contract and vendor management skills can ensure project success, speed performance, and reduce risks and cost along the way. Discover the keys to vendor and contract management from your own perspective in this practical course.

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Module 1: The Essentials of Vendor Management

Vendor Management structure, roles and responsibilities
Guidelines for developing requirements
Techniques for capturing and analysing requirements
Aligning internal requirements and vendor relationships

Module 2: Contracting Methods

Vendor Relationship Model
Legal and ethical business considerations
Prerequisites for successful partnering
Procurement methods
Vendor evaluation criteria
Types and uses of contracts

Module 3: Relationship Management

Selecting potential partners
Negotiating the best deal
Identifying and assessing vendor management risk
Monitoring and managing vendor management risk

Module 4: Managing the Contract

Performance management process
Handling change
Managing disputes
Acceptance and Documentation
Close out procedures

This is a very good introductory course that is beneficial for those who are new to contract management. It is also be of particular benefit to those who have been working in contract management and are now looking to enhance and expand their skill set.

Participants achieve the following learning outcomes from the programme;

Select and manage vendors to achieve a successful outcome for your project
Articulate and quantify internal expectations, requirements and objectives in your RFP
Determine the appropriate vendor relationship and contract type for your project
Evaluate and select suitable vendor(s)
Negotiate effectively with multiple vendors
Set realistic objectives, reporting procedures and problem resolution policies with the vendor
Identify project risks and risk management strategies
Establish a panel of internal and vendor representatives to review performance levels and problem areas
Identify and develop reasonable feedback and assessment opportunities to ensure goals and objectives are being met
Review the status and performance of the relationship to determine overall effectiveness
Manage change and disputes
Articulate, document, and implement closeout with vendors

Liam Dillon

Liam Dillon specialises in Project Management and Program Manag...

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Course Code

PM003

Duration

1 training day

Delivery Mode

This programme is delivered by or In-Company training

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