Fundamentals of Contract Management
About This Course
Leex (Learning Experience International) Contract Management training program has been specifically designed to develop the competence of contract management administrators or managers in all sectors and industries by providing them with the knowledge, skills, and understanding required to achieve contract management excellence in their field.
This Contract Management training course will teach you how to detect contract and project risks, address contractual issues and difficulties, interact effectively with stakeholders and other departments, and enhance your contract management abilities.
This contract management course is essential training program for anybody who works with contracts.
Learning Objectives
Employees will learn to leverage valuable skills and knowledge to manage more effectively performance-based contracts
Define the duties and responsibilities of contracting professionals;
Apply contract management procedures and best practices;
Define the duties and responsibilities of contracting professionals;
Demonstrate how contract execution and monitoring are critical to effective contract management.
Demonstrate the value of pre-award preparation.
Explain contract execution and why it is important.
Explain the three phases of contract management
Become familiar with the fundamentals of contract administration and monitoring.
Determine the best method for extending and amending a contract.
Recognize the various contract types and payment/pricing models.
Recognize and apply post-award activities
Become aware of the contract management cycle.
Recognize contract issues and practice how to address them
Requirements
- For a smooth learning experience (Online Courses), participants must have basic computer skills and a computer with a reliable Internet connection and speakers.
- Participants are expected to have a basic knowledge of procurement practices in the public or private sector and a solid command of the English language.
Target Audience
- This course is intended for contract administrators and managers who are in charge of administering, monitoring, and reviewing contracts within their business. It is appropriate for professionals working in governmental, private, or non-profit organizations.
- The course is also intended for anybody who wants to learn more about commercial business partnerships and how to cope with contractual agreements.
Curriculum
Section One: Contract Management Overview
Contract Formation
Contract Risk Identification
Contract Risk Assessment
Contract Risk Responses
General Terms and Conditions
Section Two: Contract Management Phases
Section Three: Essential Elements of Contract Management
Section Four: Contract Changes, Disputes, Appeals
Free
Material Includes
- Course Slides
- Other additional documents such as case studies, reports etc. (if applies)
