Overview

How to transform and manage your projects in a commercially viable manner. In this course, we look at how aspects other than technical expertise can make or break a project. This workshop is designed for project engineering professionals with a maximum of seven years of experience. 

Why Should an Individual Attend?

In the built and engineering space, we get caught in the technical aspects of a project, scope and workbreakdown structure while commercial, risk, financial matters, performance management, and contractual aspects may take a back seat. In business the commercial aspects, financial matters, risks, performance management and contractual obligations are at the forefront and critical to meet requirements and remain sustainable. The same applies on a project. A successful and profitable project requires managing and executing these aspects meticulously, which then build towards a programme, a portfolio and thus a business.

Outcomes

This course covers the following topics:

• Understanding your project - how to get into a win-win situation
• Articulate Scope, time and cost on Projects
• Understanding of Progress and Performance Management and Evaluation.
• Understanding of Basics of Financial Modelling
• Understanding of Basics of Risk Management.
• Make one commercial aware of the risks and rewards of a project
• Understanding how correct contracting can make or break financial health of a project
• Become aware of sensitivities business environment e.g., forex, regulations, community involvement
• Identifying pitfalls of a poorly constructed contract
• Handling cost containment measures and ensure that future cost don’t run out of control
• Importance of proper project plan from start to finish
• Importance of project delivery vs cost and value
• How to prepare and read financial performance of a project.
• Ensure you don’t finance a project for client – the consultant is not a bank

Program Outline

• The project life cycle from concept to post execution – understanding beyond our standard scope of work
• Project Management Triangle
• Risk Management
• Business Financial Elements
• Understanding your project - how to get into a win-win situation
• Compiling the #1 project team
• The art of contracting
• The importance of a thorough project plan and budget
• The value of project reviews
• Managing your working capital
• Crossing the finishing line

Who Should Attend?

• Engineers
• Technicians
• Technologists
• Architects
• Quantity Surveyors
• Contractors / Sub Contractors
• Middle Management
• Administrators / Support Staff