Contract Management
- Description
- Reviews
Contract Management
It is easy to overlook the importance of contract management because it seems to be a boring, mundane topic. Contracts, however, are the basis of most business relationships. If contracts are managed well, business relationships will flourish. If they are not, companies face financial loss, relationship harm, and damaged reputations.
With our course Participants will learn the insides and outs of Contract Management. Contracts are made with vendors, employees, customers, partnerships, and these agreements must be managed carefully. In order to effectively implement Contract Management it is necessary to understand all the small details, and that is what you get with this workshop.
Course Objectives
By the end of this one-day training course, the participants will have:
Ability to apply effective contracting strategies to maximize results and minimize risk
Ability to manage a contract life cycle properly
Ability to select the most qualified vendors
Ability to orchestrate the negotiation process for “win-win” outcomes
Ability to achieve the delivery of intended objectives and successful contract closure.
CURRICULUM
- Training Objectives
- What is Contract Management?
- Contract Types
- Contract Elements
- Risks of Poor Contract Management
- Case Study
- Contract Law I
- Contract Law II
- Defining Ethical Contract Management
- Ethical Breaches
- Case Study
- Choosing Potential Bidders
- RFPs and Technology
- Calculating Value
- Making a Choice
- Case Study
- Templates and Software
- Compliance
- Wording
- Risks of Noncompliance
- Case Study
- Be Prepared
- Prioritize Terms
- Remain Professional
- Execute the Contract
- Case Study
- What Performance Can Be Assessed
- Creating Metrics
- Measuring Performance
- Improving Performance
- Case Study
- Qualities of Effective Relationships
- Relationship Pitfalls
- Building Trust
- Maintaining Relationships
- Case Study
- Redlines and Strikeouts
- Replacing Clauses
- Describing Amendments
- Amendment Status
- Case Study
- Why Audit?
- Plan
- Establishing Procedures
- Investigate and Report
- Case Study
- Involve Stakeholders
- Review
- Check for Accuracy and Changes
- Update or Cancel
- Case Study
- Words From The Wise
Popular Courses
Working hours
| Monday | 9:30 am - 6.00 pm |
| Tuesday | 9:30 am - 6.00 pm |
| Wednesday | 9:30 am - 6.00 pm |
| Thursday | 9:30 am - 6.00 pm |
| Friday | 9:30 am - 5.00 pm |
| Saturday | Closed |
| Sunday | Closed |