It is essential that the administration and management of contracts results in reducing risks, maximizing cost savings, minimizing claims and improving economic return. These results can only be achieved through effectively managing contract risks: developing tough but fair contract documents, engaging in aggressive negotiating practices and employing outstanding communication skills.
The process of reaching a contract requires a specific sequence of steps. In taking these steps, the project manager must make a series of choices between priorities for project objectives, degrees of risk to be assumed by the contracting parties, control over project activities and the cost of achieving selected goals.
This process must first be fully understood by the project manager, then be tempered by experience, and finally be expanded into the ability to reach a contract through the exercise of negotiating and communicating skills.
Sections
This section looks at the nature of contracts and why we need them. | |
Understanding the nature of contractors and how to select them | |
A review of several forms of pricing that can be incoporated into a contract | |
Some ideas for the type of clauses that should be included for the purposes of controlling the project schedule |
References
J.T. Brown | The Handbook of Program Management | McGraw-Hill Companies 2008 |
T.J. Esque | No Surprises Project Management | ACT Publishing 1999 |
Project Management Institute | The Standard for Program Management | PMI 2008 |
Project Management Institute | A Guide to the Project Management Body of Knowledge | 4th Edition, PMI 2008 |
| Mastering Project Management Basics | Boston University, 2005 |
W.E. Deming | Out of the crisis | The MIT Press, 1986 |
M. Imai | The key to comptetative success | McGraw-Hill/Irwin 1986 |
A.H.Bell | Management communication | Wiley, 2010 |
M.Crouhy, R. Mark, D. Galai | Risk management | McGraw-Hill, 2001 |
M. Effron, M.Goldsmith | Human resources in the 21st century | John Wiley & Sons 200 |
J.Fitz-enz | The ROI of human capital: Measuring the economic value of employee performance. | Amacom 2000 |
Thanks to Ignacio Manzanera for providing this book
