Contract / Vendor Project Management

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