Contract / Vendor Project Management

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.

Delivery Mode

  • Customised
    In-Company
    Programmes

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Course Code
PM003

What's covered?

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

Who should participate?

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.

What will I learn?

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

Who are the tutors?

Liam Dillon

Liam Dillon specialises in Project Management and Program Management. Liam holds a Master of Science degree in Project Management and is one of the few practitioners to hold multiple project and program management accreditations (PMP®, PMI-ACP®, PMI-RMP®, PMI-SP® and PgMP®) from the Project Management Institute (PMI®). Liam has over 23 years’ professional experience. During that time, he has led some significant global IT and Infrastructure projects and programs for various industries.

Coupled with his industrial experience, Liam spends time training and coaching project managers in USA, Middle-East, Asia and Europe on the topic of project and program management. Liam has served as the President of the Ireland Chapter of PMI and has served as the Chairperson of PMI’s Global Board Volunteer Advisory Group. He has presented both at national and international conferences of the topic of project, program and portfolio management.


Liam Dillon

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Liam Dillon

Duration: 1 day
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