Offered By: 3Fold Fz LLC
Professional Development Hours: 16
Course Number: AEP8021/ACPM-01

The students will gain, at the end of this 2-day course, important commercial aspects of project management in terms of outsourcing and sub-contracting including Incoterms, claims/disputes, LD/penalty evaluations, price-variation clauses, various types of contracts, buyer-seller risks, bonds, international shipping terms like CIF, C&F, DDP, etc so that the participants will be able to draft their contracts in a more professional manner and ensure important contractual obligations of both the seller and the buyer.

Course Outline
Day 1

• Project Management – an Overview
  • Project Management Organization Structures-(Weak/Matrix/Projectized)
  • Project Selection Methods
  • Benefit-Cost Measurement Methods
  • Return on Investment (ROI)
  • Payback Period
  • Net Present Value (NPV)
• Resource Management – Commercial Implications
  • Work Breakdown Structure (WBS)
  • Time-Cost Trade-off – Commercial Implications
• Project Cost Estimation and Management
  • Life Cycle Costing of Capital Investment
  • Value Engineering in Construction Industry – How to Avoid Unnecessary Costs
  • Project Cost Estimation Techniques – Overview
  • Cost Budgeting
  • Cost Control
  • Cash Flow

• Earned Value Management
  • Introduction
  • S-Curves
  • Schedule Variance (SV)
  • Cost Variance (CV)
  • Cost Performance Index (CPI)
  • Project Completion Cost – Forecast
  • Variances at Completion
• Contract/Procurement Management
  • Essentials of Valid Contract
  • Typical Contractor Protection Clause
  • Supplier/Vendor Selection Methods
  • Type of Contracts (T&M, LSTK, Cost-Plus, BOOT, BOT)
  • Pricing Strategy – Cost-Based/Price-Based
  • Letter of Credit (LC)
  • Contractual Bonds
  • Shipping Terms (ICC)-INCOTERMS
  • RFQ/RFP
  • LOI/LOA
  • Invoice Errors
  • Managing Repair & Warranty
• Express Warranty
• Implied Warranty
• Inspection & Acceptance Clauses
• Product Warranty Clauses
• Product Repair Clauses
• Spare Parts Clauses
  • Liquidated Damages (LD)
  • Penalty
  • Bonus
  • Extra Claims Management
• Price Variations
• Delays

Topic Areas and Industries

• Aerospace
• Architecture
• Banking/Finance
• Business & Program Planning
• Claims & Dispute Resolution
• Construction
• Contract Management
• Cost Engineering
• Cost/Schedule Control
• Decision & Risk Analysis
• Government & Public Works
• Information Technology
• International Projects
• Materials Management
• Planning & Scheduling
• Project Control
• Procurement
• Program & Project Management
• Project & Cost Control
• Planning & Scheduling
• Software Development
• Utilities & Energy
• Value Engineering & Constructability