Project Contract Management (PMBOK 2000)

Overview/Description
 You may feel that once a contract is signed and the specified work has begun, the hard part of project procurement is over. However, for the contract administrator, it has only just begun! Contractor performance must be monitored to ensure that all conditions of the agreement are being met. Any disputes must be resolved to the satisfaction of everyone. This course will teach you principles of contract management that ensure your contractors become valued members of your project team. This course is aligned with "A Guide to the Project Management Body of Knowledge" (PMBOK ® Guide) 2000 Edition, published by the Project Management Institute (PMI ®).

Target Audience
 This series is specifically targeted at project managers, project team members, functional managers with employees assigned to project teams, project stakeholders, any team manager or member interested in project management, executives committed to their organization's growth, managers required to take on new challenges, and top managers with vision.

Expected Duration
3.0 hours

Lesson Objectives:

Inputs to Contract Administration

  • recognize the benefits of the inputs to contract administration.
  • identify elements of a contract.
  • match contract requirements with the project areas that they affect.
  • conduct a performance review of a given seller to determine if the seller is performing at an acceptable level.
  • determine why a change request was submitted, given a scenario.

    • Tools and Techniques for Contract Administration

  • recognize the value of understanding the tools and techniques for contract administration.
  • determine which step in a Contract Change Control System was not completed, given a scenario.
  • complete a performance report by calculating the cost variance and schedule variance of a contractor, given a scenario.
  • apply the steps of a payment system, given a scenario.

    • Outputs from Contract Administration

  • recognize the benefits of the outputs from contract administration.
  • identify the procedures for organizing correspondence.
  • identify some of the activities that are performed using contract changes.
  • identify the types of information that payments/payment requests provide.

    • Contract Close-out

  • recognize the benefits of properly closing out a contract.
  • identify examples of contract documentation used as inputs to contract close-out.
  • apply procurement audit procedures to determine the success or failure of a given procurement process.
  • identify contract close-out activities, given a scenario.

    • Course Number: PROJ0504