Content in Modul 5: Contract Management

Contracts are not static but change over the course of a project's life. Be it through a changed interpretation or through an adjustment of the conditions due to a change in the conditions. In addition to procedures for contract, risk and opportunity analysis, contract management also includes methods for efficient contract controlling. Passing the tests in this module is a prerequisite for the Principal Contract Manager degree.

The total duration of the lessons in this module is ca. 4 hours


Strategic contract management

Contract management includes all activities so that the contract is adapted to the course of the project. Contract management ensures that risks are reduced and the result improved. This lesson describes the content and tasks of professional contract management.


Structured Contract Analysis

In the case of project contracts in particular, contract analysis is an important step in making a project a success. This lesson describes the basic methods of contract analysis.


Opportunities & Risk Management

The aim of risk management is the timely detection of deviations from the baseline so that consequences can be minimized and claims such as claims and change orders can be asserted. The contract analysis checks the binding scope of services from the contract, whereas the risk analysis carries out a commercial assessment of events that are possible but not yet certain. This lesson explains the different methods and procedures for risk and opportunity management in a project.


Erosion of profit in larger projects

Erosion is a critical factor, especially in plant engineering. It can be seen again and again that the planned result from the initial calculation is slowly but steadily eroded and lost in the course of the project's life. This lesson covers the most important causes of erosion.


Basic calculation methoids in projects

There are very different types of project, such as research projects, organizational projects, IT projects, logistics projects, etc. In this lesson we deal with the sensible methods of project costing in the capital goods industry, as is the order of the day in mechanical and plant engineering.


Active & Passive Controlling elements

The typical operational controlling process for a company is only suitable to a limited extent for efficient project controlling. This lesson explains the difference and the special requirements for a controlling process in a project.


 Procedures in project controlling

Project controlling is an elementary component in contract management. Any deviation from the planned project execution can indicate a breach of duty. A claim can be made either as a separate claim against another party or another party. This lesson deals with the principles and methods of project controlling.


 How can conflicts be avoided

Dispute in connection with a claim is the order of the day. However, the dispute should not unnecessarily burden the business relationship and, above all, project management. This lesson deals with constraints that help keep a dispute over money from escalating.


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