Business and Contract Law Training
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Business and Contract Law Training Course
Introduction:
This program focuses on advanced project risk management, aiming to reduce project cost and schedule overruns while enhancing overall project execution. Advanced project management revolves around effectively managing risks, capitalizing on opportunities, mitigating threats, and optimizing outcomes. Unfortunately, risk management is often approached reactively or neglected altogether.
In the Project Risk Management course, we prioritize a proactive approach to addressing both threats and opportunities. The course emphasizes a comprehensive understanding of qualitative and quantitative risk management methodologies. By following a proven six-step risk management process, participants will learn how to examine risks from both a top-down and bottom-up perspective. This includes evaluating and responding to risks at both the project and task levels.
As risk can never be entirely eliminated from a project, project managers must anticipate potential causes of cost and schedule overruns, as well as poor quality of work. By identifying early warning signs and taking timely corrective action, the impact of these risks can be minimized or mitigated. Clear definition of the project scope is essential for budget approval, requiring the identification, assessment, and quantification of risks to determine cost and schedule contingencies. These contingencies are then controlled using effective risk management techniques.
The program's content aligns with the Project Body of Knowledge (PMBOK® Guide) published by the Project Management Institute (PMI). By participating in this course, attendees will gain valuable knowledge and skills to enhance their risk management capabilities, ultimately contributing to successful project execution and improved project outcomes.
Course Objectives:
At the end of the Business and Contract Law Training Course, you will be able to:
- Understand legal terminology and its commercial implications
- Dramatically reduce the chances of contract pitfalls
- Conduct a thorough risk analysis of your contracts
- Understand the legal consequences of your own actions
- Negotiate effectively and ensure a successful outcome for all parties
- Draft and amend contracts
- Recognize the implications of and plan for the potential impact of Brexit on your contracts
Who Should Attend?
Business and Contract Law Training Course, is ideal for:
- Contract and commercial managers and engineers
- Sales and marketing managers
- Project and procurement managers
- Contract and commercial managers
- Business development and marketing managers
- Financial Managers
- Managing directors
Course Outlines:
Effective Contract Negotiation
- Preparing for negotiation
- Developing winning strategies
- Objectives and aligning to strategy
- Understanding the rules of negotiation and culture
- Key negotiation behaviors and communication skills
- Mapping routes to agreement
Formation of a Binding Contract
- What is a contract?
- Making a binding and enforceable contract
- Six components
- Offer
- Acceptance
- Deeds
Managing the Contract
- Payment mechanisms
- Contract
- Service levels
- Audit rights
- Dealing with change
- Delegation
- Contract program and governance
- Change management
Bribery and Corruption
- The Bribery Act
- General and corporate offences
- Bribing foreign officials
- Enforcement and penalties
- Key issues for companies
- Associated persons
- Facilitation payments
- Gifts and hospitality
Limiting Risk – Damages, Termination, Variation and Dispute Resolution
- Financial hardship
- Performance impossible
- Governing law
- Jurisdiction
- Reviewing existing contracts – tips
- Future-proofing contracts