Due to ever-shrinking budgets and growing investment opportunities, many governments are now reaching out to outsourced companies to run their contracts for them. This creates extra job opportunities and increases the expertise within the individual industries.
However, there are always risks with PPP contract management and outsourcing from both sides. If they are managed well, it could open up doors, solidify sound investments, and secure future contracts. However, not considering the risks, monetary issues and procurement plans could have major implications for the market, the government, and the taxpayers too.
When PPP contracts move to private sector organisations, they intend to utilise their skills, knowledge, and expertise in the field of outsourcing to maintain their success and grow a positive public reputation.
When taking over one of these complex contracts it’s important to create a robust infrastructure, develop a risk management plan and assess your budgets and ongoing IT and resourcing requirements. Contract management of this calibre requires careful and considered planning and accurate data and forecasting models to predict future trends and make continuous improvements while maintaining stability.
This course is designed for anyone who is responsible for implementing an outsourced contract into a private sector organisation. It would be most beneficial for:
This course uses a variety of adult learning methods to aid full understanding and comprehension. Participants will review real-world case studies on videos and presentations to understand the complexities behind contract outsourcing from the public to the private sector.
In groups, they will hold discussions regarding key risk areas and will be presented with the best tools to help them understand future risks and budget assessments. Together, they will assess a roadmap of change implementation and highlight key areas for further focus and place in resource management systems and budgeting tools to fully understand how contract management decisions are made and supported by clear data.