Management >> Project, Contract, Engineering Management

Mastering Contracts Management

ME147

Location

Duration

Date

Fee inclusive of VAT

Course Overview

This advanced course provides an in-depth exploration of contracts management, tailored for professionals seeking to excel in complex contractual environments. It equips participants with expert-level knowledge in contract administration, negotiation, compliance, legal frameworks, and performance management. Ideal for senior professionals, the course enhances strategic oversight and operational execution of contracts in high-stakes settings.

Course Objective

  • Develop expertise in advanced contract lifecycle and administration techniques
  • Apply strategic negotiation and conflict resolution skills
  • Implement risk mitigation and ethical compliance in contract execution
  • Manage contractor performance through effective metrics and improvement strategies
  • Integrate digital tools and data analytics in contract management processes

Who Should Attend?

  • Senior Contract Managers
  • Legal Professionals in Contracting
  • Procurement and Supply Chain Managers
  • Project Managers involved in Contracting

Course Outline

1. Advanced Contract Administration

  • Contract Lifecycle Management
  • Techniques for Efficient Administration
  • Enhancing Contract Management Effectiveness

2. Strategic Contract Negotiation

  • Negotiation Strategies and Tactics
  • Power Dynamics in Negotiation
  • Achieving Mutually Beneficial Outcomes

3. Legal Aspects of Contract Management

  • Fundamentals of Contract Law
  • Understanding Legal Rights and Obligations
  • Managing Disputes and Litigation

4. Compliance and Ethical Practices

  • Navigating Regulatory Frameworks
  • Upholding Ethical Standards in Contracting
  • Handling Ethical Dilemmas

5. Risk Management in Contracting

  • Identifying and Assessing Risks
  • Risk Mitigation and Control Measures
  • Contractual Risk Allocation Strategies

6. Contract Performance Management

  • Establishing KPIs and Metrics
  • Monitoring Contractor Performance
  • Driving Continuous Improvement

7. Technological Advancements in Contract Management

  • Digital Tools and Platforms
  • Using Data Analytics for Insights
  • Exploring Innovative Management Solutions

8. Case Studies and Practical Applications

  • Analyzing Real-World Challenges
  • Applying Best Practice Solutions
  • Reflective Learning from Industry Cases

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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