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Purchasing & Logistics

Project Planning, Scheduling and Control

Introduction

Procurement is the process by which an organization secures the necessary raw materials, goods, and services that it requires to carry out its projects. Gaining an understanding of the role of procurement in the accomplishment of strategic objectives will enable will enhance the effectiveness of an organization’s operations. This stimulating and informative course will explore areas such as:

  • The role of procurement in achieving strategic goals
  • The relationship between contract type, performance, and risk
  • Why the lowest price does not always equal the best value to the organization
  • How to protect the organization’s interests during the performance of contracts

Objectives

By the end of this course participants will be able to:

  • Understand the processes for good project procurement and contract management
  • Develop contract strategies
  • Be able to achieve better outcomes in the procurement of goods and services
  • Understand the essential elements of a contract, and their importance
  • Develop strategies for negotiating contracts
  • Review contract management processes and issues
  • Understand contract termination issues
  • Learn how to be prepared for claims and disputes

Target Audience

Individuals from all industries, government bodies, non-profit organizations and anyone who is interested in learning techniques for establishing and managing contracts in a project environment will find this course valuable. This course will be of especial interest to:

  • Program managers
  • Project managers
  • Procurement managers
  • Project team members
  • Administrators responsible for managing contracts and projects
  • Technical professionals and engineers involved in contract and project work

Purchasing & Logistics Outline

The course covers the following topics:

The Purpose of Procurement

  • Definition
  • Trends
  • Strategic Importance
  • Objectives and Strategies in the Procurement Process
  • Make or Buy?
  • Understanding the Marketplace
  • How to Procure

Selecting a vendor

  • Risks and Contracts
  • Types of Contracts
    • Firm Fixed Price
    • Fixed Price Incentive
    • Cost Plus Incentive
    • Cost Plus Fixed Fee
    • Cost Plus Percentage of Cost
    • Consultant Agreements
  • Other Types of Arrangements
    • Design and Build
    • Management Contracting
    • Partnering
    • Framework Agreements
    • Joint Ventures

Vendor Selection and Negotiation

  • Tendering and Award of Contract
  • Terms and Conditions and Their Impact on a Contract
  • Preparing to Negotiate
  • The Process of Negotiation
  • Negotiating Tactics

Contract Administration

  • Pre-Commencement Meeting
  • Monitoring Performance
  • Delays and Disruptions
  • Progress Payments
  • Changes and Variations
  • Claims and Disputes
  • Termination of Contracts

Contract Closure

  • Completion
  • Acceptance
  • Handover
  • Dealing with Defects
  • Guarantees and Warranties
  • Post Contract Review Lessons Learned

  
  

Ref Location From To Cost
CPM03 Kuwait 8-3-2020 13-3-2020
PL05 Kuwait 26-4-2020 30-4-2020