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Unit of study_

PMGT5895: Contracts Management

The aim of this unit is the understanding of fundamental contracts as it relates to project management. The aim is that students are able to understand various contracts that are available and have the ability to select the right contract for a project. The unit aims to give an understanding of contract terms and conditions that may give rise to potential issues and methods to mitigate this. Given contracts are pivotal in a project manager's role the overall aim is for students to understand contracts better and have the confidence to use contracts in their day to day activities to avoid potential risks and conflicts. In addition it will assist students to have the ability to solve complex issues by being able to think critically and analyse issues. Outcomes: Understanding the basis of contract management-including traditional and contemporary theories; Being able to identify contract terms that expose the project manager to risk; Gain confidence to be able to raise contract issues and negotiate terms.

Code PMGT5895
Academic unit Project Management
Credit points 6
Prerequisites:
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None
Corequisites:
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None
Prohibitions:
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None

At the completion of this unit, you should be able to:

  • LO1. understand the basis of contract management-including traditional and contemporary theories, and its importance in common commercial dealings
  • LO2. reach a good understanding of the intention of particular clauses when reviewing contracts and determining which clauses should be negotiated
  • LO3. raise contract issues and negotiate terms with confidence.
  • LO4. identify contract terms that expose the project or project manager to risk