Key Components of Vendor Contract Close Out

Managing vendor relationships is a key element of any successful project, and a major part of that process is managing the conclusion of the contract. In this short course, you will learn techniques to help you plan for contract closure and align your project interests with procurement and legal requirements. You’ll examine the signs leading to early contract termination and learn how to approach dispute. In the end, you’ll be able to use contract closure to build stronger relationships with your vendors.

Virtual short courses do not include materials or headsets.

Overview

  • Steps to successful procurement management
  • Key elements in contract close out
  • Approaches to disputes
  • Keys to effective vendor audits
  • Developing an effective close-out checklist

Target Audience

PMP-certified project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, program managers, project sponsors, and project team members who want to continue to develop their skills and renew their PMP certification.

Prerequisites

Expected Duration

1 day

Course Objectives

1. Project Procurement Basics

  • Processes
  • Categories

2. Procurement Planning

  • Expectations vs. Terms and Conditions
  • Closure Plans
  • Approaches to Disputes

3. Contract Administration

  • Approaches to Monitor Vendor Work
  • Vendor Communications
  • Managing Change

4. Contract Close Out

  • Contract Audits
  • Close-Out Checklist
  • Handling Follow-On Work

Labs

SUBSCRIPTION COST


$400.00

 

NEED HELP OR NOT SURE?