Advanced Commercial Aspects of Project Management

  International Institute of Project Management (IIPM^®), an Approved Education Provider (AEP) of The Association for the Advancement of Cost Engineering (AACEI^®), USA is regularly conducting Advanced Commercial Aspects of Project Management Course (Public / Corporate) in the week ends / weekdays totaling to 16 hours of Professional Development Hours of education covering knowledge of and skills in all domains/areas of Advanced Commercial Aspects of Project Management as described below in the course structure. This course enables the participants to earn 16-PDHs.
 

Who Should Attend

  CEOs, Chief Financial Officers (CFOs), Chief Purchase Officers, Chief Information Officers, Chief Project managers, Chief Operations Officers (COOs), Program Managers, Project Managers, Project Engineers, Design Engineers, Portfolio Managers, Assistant General Managers, Vice Presidents, General Managers, Deputy General Managers, Assistant, Vice Presidents, Group Vice Presidents, Project Managements Consultants, Venture Capitalists, Bankers, Financial Analysts, Chartered Accountants,  Project Leaders, Team leaders/Members, Risk Managers, Field Staff Members, Project Engineers, Design Engineers, Project Leaders and Administrators, Industrial Engineers, Program Managers, Manufacturing Engineers, Project Coordinators, Operating Managers, Functional Managers, Information Technology Professionals, Software Developers, Quality & Testing Engineers, Sales & Marketing professionals, Civil/Mechanical/Electrical engineers, Procurement specialists, Event mangers, R&D Managers, others involved directly or indirectly with Project Management.
 

Course Content

1. Project Management -An overview

Project Management Organization Structures-(Weak/Matrix/Projectized)
Project Selection Methods
Benefit-Cost Measurement Methods
Return on Investment (ROI)
Pay back Period
Net Present Value (NPV)


2. Resource Management - Commercial Implications

Work Breakdown Structure (WBS)
Time-Cost Trade-off - Commercial Implications.


3.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
 

4. Earned Value Management

Introduction
S-Curves
Schedule Variance (SV)
Cost Variance (CV)
Cost Performance Index ( CPI)
Project Completion cost - Forecast
Variances at Completion

5. 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

1. Express Warranty

2. Implied Warranty

3. Inspection & Acceptance Clauses

4. Product Warranty Clauses

5. Product Repair Clauses

6. Spare Parts Clauses

Liquidated Damages (LD)
Penalty
Bonus
Extra Claims Management
- Price Variations
- Delays 

Course Duration: 2 days  - 9.0 am to 6.0 pm

Date: To be scheduled

Course fee :
       
   Rs 9,000 + Service Tax. Fee can be paid by DD or Check drawn on “IIPM Chennai” or can be wire transferred at least 7 days before the course start date.