Contract Management

Course details

Course Overview

Every business runs on some commitments; commitments to the employees, to the suppliers, to the shareholders, and to the clients. Most of these commitments are bound by a contract, and the complete responsibility of managing such commitments, from the creation to the execution stage, and analysing the overall performance is called contract management. To perform such responsibility with effectiveness, you must have a proper understanding of the contract lifecycle.

The Contract Management Course is designed to educate you on the fundamentals of contract management and the roles and responsibilities of a contract manager. In this course, you will learn about the contract management process, the legal view and the different aspects of contractual obligations. Furthermore, you will explore the importance of ensuring quality, evaluating and managing the risk factors and different negotiation techniques of contract management. Upon completion, you will have a thorough understanding of the contract management process and gain insight into the career opportunities to fast-track your career as a Contract Manager.

Course Curriculum of Contract Management Course: 

• Module 01: Introduction To Contract Management
• Module 02: Contract Lifecycle - Understanding The Stages
• Module 03: Contract Manager’s Roles, Responsibilities & Career Opportunities
• Module 04: Principles Of English Contract Law
• Module 05: Classification Of Contracts
• Module 06: Case Study On Contract Management
• Module 07: Contract Management Plan & Efficiency
• Module 08: Risks, Disputes & Supplier Relation In Contract Management
• Module 09: Negotiation, Variation & Changes In Contract Management
• Module 10: Contract Management Process Evaluation & KPI
• Module 11: Contract Review, Challenges And Future

Key Topics to Be Covered

• Classification of contracts
• Different stages of the contract lifecycle
• Elements and importance of successful contract management
• Case studies on contract management
• KPIs for evaluating contract management processes, with example
• The future and challenge of contract management
• The basic principles of English Contract Law
• Career opportunities: 4 reasons to choose a career in contract management
• The 10 steps of Contract Risk Management
• Supplier Relationship Management

Learning Outcomes

• Learn the roles and responsibilities of a Contract Manager.
• Explore the benefits of successful contract management.
• Uncover what can go wrong in contract management and why.
• Get familiarised with basic terminologies and contents of a contract.
• Learn what a contract review is and get the standard contract review checklist.
• Discover the different factors to consider in an effective contract management plan.
• Explore the types of risks in contract management.
• Learn about the 5 key negotiating skills.
• Find out how to deal with change in contract.

Your Path to Success

If you’re looking to establish or advance your business management career potential, you can take a large step to your success by gaining knowledge and expertise in Contract Management. This is a highly employable skill and has an increasing demand in different government, non-government financial, or nonprofit organisations The nature of contract management skill will provide you with opportunities to grow a career in project management, budgeting, risk management, accounting, financial modelling, and business law sector.

Skills You Will Gain

• Contract Management
• HR Management
• Project Management
• Budgeting
• Purchase Management
• Commercial Management
• Legislative Skill
• Administrative Skill
• Negotiation
• Risk Management

Is This Contract Management Course Right for You?

The Contract Management course is perfect for anyone interested in a career in finance, purchasing, or HR management, as well as law practitioners who want to gain expertise in contract management. This comprehensive guide is also great for practising specialists who acquired some practical knowledge but lack theoretical understanding and require attestation of their skills. The CPD-endorsed certification will boost your resume to help you stand out to prospective employers. There are no specific requirements to enrol in this course and to help you learn at your own schedule, the course is fully accessible from any internet-enabled smart device.

Certificate of Achievement

The learners have to successfully complete the assessment of this course to achieve the certificate. Digital certificates can be ordered for only £10. The learner can purchase printed hard copies inside the UK for £29, and international students can purchase printed hard copies for £39.

Assessment Method

You have to complete the assignment questions given at the end of the course and score a minimum of 60% to pass the exam and to achieve Quality Licence Scheme-endorsed certificates.

Our expert trainers will assess your assignment and give you feedback after you submit the assignment. Updated on 02 February, 2024