Project Compliance

Contract Management for Performance

Boost your contract management skills by examining the components and processes of contracting. Contracts play a critical role in achieving business goals and building and maintaining positive relationships between companies and organizations.  Learn best practices and skills to control contracts successfully from start to finish. 

You will develop a solid understanding of the contract process and key elements of procurement, contract formation, negotiation, financial analysis and risk management. By examining real-life scenarios, you will learn how to interpret contract language to ensure all risks are minimized as well as how to get the most from the contracted partnership.

Learning Outcomes:

• Understand contracts in context: planning, processes, options, tendering/bid process, evaluation, source selection, implementation, administration, and documentation
• Examine the contract life cycle, sub-contracting, and outsourcing
• Identify ways to develop strategic partnerships and enhance supplier relationships
• Understand the creation of contract: agreement, consideration, and intent
• Apply principled negotiation approaches
• Expand awareness of the legal, risk, and ethical issues related to contracting
• Examine risk allocation and reduction
• Maximize benefits and enhance business value through financial analysis and procurement

Skills/Competencies:

• Contract Lifecycle Management
• Negotiation Approaches
• Legal and Ethical Aspects of Contracts
• Risk Allocation and Reduction
• Change Management

Learn more about this Badge by registering for the free webinar!

Strategic Approaches to Risk

Taking risks is part of conducting projects and business.  All teams and organizations face uncertainty in meeting their objectives.  However, as a proven methodology, risk management is a systematic framework for maximizing areas where outcomes can be controlled while minimizing those that cannot. 

Go beyond risk tools to the elements of organizational culture and decision making. You will acquire depth knowledge of system-level risk-based thinking (risks and opportunities) and formal risk management.  Practical examples help translate concepts into structured methodology that will assist in strategic and systems thinking as a base to develop risk management capacity within organizations and projects. 

Learning Outcomes:

• Understand the role risk management plays within an organization and projects
• Examine strategic approaches and system-thinking to support identification of risks and opportunities, including use of risk matrix
• Examine Prospect Theory
• Adopt methodologies for determining strategic risks and opportunities and managing operational risks that are important to the organization and its stakeholders
• Leverage proven qualitative risk-analysis to guide risk management decisions
• Understand the role of risk register and risk management
• Perform risk analysis using both Ordinal and Cardinal methods; quantitative and qualitative tools including root cause analysis to assess loss exposure to an organization and guide risk mitigations, time, and cost contingencies
• Examine benefits of various risk treatment alternatives such as difference between risk mitigation (proactive) and contingency (proactive) and how both fit in a complete risk response plan

Skills/Competencies:

• Risk Management Decision-making
• Risk Identification
• Strategic Opportunity Identification
• Qualitative Risk Analysis

Successful Quality Management

Quality awareness, competency and management are foundational to business success. Enhance your working knowledge of key quality concepts and best practices, as well as build quality basics with methods and tools from various advanced quality management techniques and models. 

By examining real-life scenarios, you will increase your knowledge and understanding of how to use advanced quality principles on projects and within operations and learn how to integrate quality management into processes.

Learning Outcomes:

• Compare and contrast the use of business excellence models and standards as a key management tool
• Understand how quality benefits employees, the organization, and stakeholders through examining best practices in culture, leadership and change management as well as metrics to align with and deploy business strategy
• Explore and apply the concepts of quality management and process control and improvement
• Examine Juran Trilogy: exemplary model and method based on quality planning, quality control and quality improvement
• Engage employees in quality: employee involvement and team formation
• Continuous process improvement: process capability, Plan-Do-Check-Act (PDCA), measures and targets
• Quality tools and how to apply them: root cause vs. symptoms, quality tools and how they are used including flowchart/process mapping, Pareto Chart, cause-and-effect, and tree diagrams
• Examine the strategic use and integration of improvement methods such as cost of Quality, Six Sigma, Lean, and benchmarking

  

Skills/Competencies:

• Business Excellence Model Application
• Process Control and Improvement
• Quality Tool Application
• Project Improvement Methodology