Overview
The demand by society for sophisticated products and services together with the advent of technology has led to Project Procurement & Management being seen as a core competence in engineering organisations and a mandatory skill for individuals involved in project-based development.  In this course, you will gain insights into, and engage in, the classic as well as modern project and procurement management concepts and techniques needed to describe, organize, oversee and control the various project processes.

The course is designed to equip you with the skills, principles and techniques you need, and can depend on, for successfully procuring, managing and delivering your projects.

Course Outline
To provide an understanding of various project management and procurement principles and techniques and learn how to successfully manage single and multiple projects in the present fast moving business environment.

The course is designed to equip you with the skills, principles and techniques you need, and can depend on, for successfully procuring, managing and delivering your projects.

Course OBJECTIVES
The ultimate objective of this course is to provide you with a solid foundation of generic skills that you could apply to procure and manage services, suppliers and contracts for either small or large projects in order to deliver these projects with higher quality, greater value and better accountability. Specific objectives are:

• To appreciate the advantages and disadvantages of various project delivery systems.
• To learn techniques for completing quality projects on time, within budget and delivering promised performance.
• To recognize the power of planning as a mechanism for achieving project deliverables.
• To apply advanced scheduling techniques.
• To develop and update a project control system.
• To handle proactive and reactive techniques for project management.
•  To select the right vendors and successfully manage their performance

Course Content

Day 1 – Overview of Project Delivery and Management

• Key areas of project management body of knowledge
• Project parameters, constraints and lifecycle
• Identifying project stakeholders
• Advanced vs. Simplistic view of quality
• Developing a quality culture
• Risk identification and risk analysis approaches
• Attitudes towards risk

Day 2 – Procurement and Contract Strategies

• Classic vs. Modern project delivery techniques
• Procurement choices
• The value-for-money concept
• Impact of early decisions on project success
• Types of contracts
• Risk in contracts
• Partnering and strategic alliancing
• Supply chains
• Relationship-based procurement attitudes and behaviours

Day 3 – Project Planning & Scheduling

• Project plans vs. Project planning
• Work breakdown structure (WBS) & Work packages
• Project scheduling
• From Gantt charts to network logic and dependency analysis
• Planning accuracy vs. Planning precision
• Advanced tools in Planning and Scheduling

Day 4 – Project Cost Estimation & Control

• Different types of costs
• Fundamentals of budgeting
• Basics of estimating
• Cash flow: concept and analysis
• Principles of cost control
• The concept of variance
• Earned value management
• Time-cost trade-off

Day 5 – Contractor/Vendor Selection and Management

• Selection criteria
• Best practice in selecting vendors
• Tendering
• Award of contracts
• Progress payments
• Changes and variations
• Enablers of effective contract management
• Procurement as a learning process
• Lessons learned and creating learning culture