You will learn what happens when a contract is formally approved.
- You finally made it.…The government has authorized your project.…Now what?…Well, there are a few steps to take to ensure…your contract is formally approved.…The five steps that will help you finalize your contract are…verify what's in the contract,…compare your pre-award notes…to what's listed in the final contract,…clarify anything you don't understand,…identify any high-level success criteria,…and determine the contract type…and how it will be administered.…
Let's discuss these in a little more detail.…First, you should verify what's in the contract…before you move forward.…This makes sense, right?…After all, you will be the one responsible…for delivering the intended results.…Second, be sure to compare the notes you took…during the pre-award phase to what's listed…in the final contract.…If something doesn't look right, bring it to your sponsor…or senior management's attention.…
Next, be sure to clarify anything you don't understand.…Take a moment to pause until you fully understand…what you're committing to.…
Learn the best practices and terminology for working with the government, including documentation such as subsidiary plans, RFPs, PWSs, and SOOs. Walk through the three phases of contract negotiation—pre-award, award, and post-award—and common challenges as well as solutions for bidding on government contracts and getting projects authorized.
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
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- Avoiding common pitfalls
- Reviewing the request for proposal (RFP)
- Identifying stakeholders
- Refining the deliverables
- Finalizing the contract
- Kicking off the project
- Managing the project
- Closing out the project