Demonstrate a critical understanding of contract types and their relationship with performance to creatively negotiate project plans and incentives. You’ll apply the fundamental concepts of project procurement through structured and problem-based, scenario learning to achieve the highest level of benefit.

Develop the ability to critically evaluate the processes behind contract development, negotiation and incentivising. Upon completion, you’ll demonstrate a high level of understanding of the legal, financial and technical components of project contracts.

In this unit, you will study:

  • Contract types in procurement
  • Incentive-performance relationship
  • Buyer-contractor relationship
  • Clarity in legal, financial, technical contract components
  • Negotiating contract
  • Trends and futures of procurement.

Learning outcomes

  • Demonstrate a critical understanding of contract types, in addition to the contract-performance relationship
  • Critically evaluate theories and concepts underpinning buyer-contractor relationships as it pertains to project management
  • Demonstrate an ability to creatively negotiate project plans and incentives to achieve the highest level of group-benefit, without sacrificing performance.
  • Display a higher-level ability in explaining, evaluating and developing clear legal, financial and technical components of project contracts

Assessment

You are assessed according to the following components, each with its own weighted value against your overall result:

  • Essay: 40%
  • Report: 35%
  • Report: 25%

Courses

You can study this unit as part of the Master of Project Management.

 

Please note, unit structure and content are subject to change. Contact your SCU Online student advisor on 1300 589 882 for more information based on your particular circumstances.