Location

Duration

Date

Fee inclusive of VAT

Course Overview

This intermediate-level course is tailored for professionals involved in the management and oversight of contracts within corporate environments. It bridges foundational knowledge with actionable strategies, empowering participants to manage the full contract lifecycle effectively. Emphasis is placed on enhancing practical skills in drafting, negotiation, execution, and closure, aligning with corporate goals and compliance requirements.

Course Objective

Apply core principles of contract management across various organizational contexts
Navigate all stages of the contract lifecycle from creation to closure
Execute and administer contracts to meet organizational objectives
Identify and mitigate contractual risks proactively
Monitor contract performance using industry-standard KPIs

Who Should Attend?

Contract managers
Procurement professionals
Legal advisors involved in contract drafting and oversight
Project managers responsible for contract execution

Course Outline

1. Foundations of Contract Management

Principles of Contract Management
Contract Lifecycle Overview
Key Elements of Effective Contracts

2. Contract Creation and Development

Drafting Contractual Agreements
Terms and Conditions
Collaborating with Legal Teams

3. Negotiation Strategies

Preparing for Negotiations
Negotiation Techniques and Tactics
Achieving Favorable Outcomes

4. Contract Execution and Administration

Implementing Contract Provisions
Managing Contractual Obligations
Administrative Processes and Tools

5. Risk Management in Contracts

Risk Identification and Analysis
Risk Mitigation Strategies
Handling Contractual Disputes

6. Performance Monitoring and Evaluation

Tracking Contract Performance
Performance Metrics and KPIs
Evaluating Contractual Deliverables

7. Contract Closure and Renewal

Closing Out Contracts
Renewal and Extension Strategies
Post-Contract Analysis and Lessons Learned

8. Emerging Trends and Future in Contract Management

Technological Advancements
Global Contracting Trends
Future Challenges and Opportunities

Training Methodology

The course combines various teaching methods, including instructor-led presentations, group discussions, case study analyses, and assessments through quizzes and a final exam to engage participants and ensure they understand and retain the material.

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy

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