Contract Management

Course details

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 analyzing 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

In this Contract Management 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 risks factors and different negotiation techniques of contract

Upon completion of the Contract Management, 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.

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, for 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 the 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 changes in contracts.

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 organizations

The nature of contract management skills will provide you with opportunities to grow a career in project management, budgeting, risk management, accounting, financial modeling, and the 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 Level 3 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
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This comprehensive guide is also great for practicing professionals who acquired some practical knowledge but lack theoretical understanding and require attestation of their skills. The CPD Accredited Certification will boost your resume to help you stand out to prospective 

There are no specific requirements to enroll in this course and to help you learn at your own schedule, the course is fully accessible from any internet-enabled smart device.

COURSE CURRICULUM

Introduction to the 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

Assessment Process

Once you have finished the learning stages in the Contrat Management course, your abilities will be assessed by an automated multiple-choice question session, after which you will receive the results ; Updated on 02 August, 2023