Management / Project, Contract, Engineering Management
Strategic Contract Management
ME186
This advanced program is tailored for seasoned professionals tasked with overseeing complex contracts. It focuses on embedding strategic thinking into contract lifecycle management, enabling participants to optimize contract value, ensure compliance, and mitigate risks. The course supports professionals who seek to elevate their role from administrative execution to strategic influence within their organizations.
- Develop and apply strategic approaches to contract planning and execution
- Master contract performance monitoring and evaluation techniques
- Strengthen capabilities in identifying and mitigating contractual risks
- Ensure regulatory compliance and manage legal obligations effectively
- Leverage technology and data analytics for smarter contract management
- Senior Contract Managers
- Legal and Procurement Professionals
- Project Managers in Contractual Roles
- Risk and Compliance Officers
Module 1: Strategic Contract Planning
- Developing contract strategies
- Aligning contracts with business objectives
- Effective contract design and structure
Module 2: Contract Execution and Oversight
- Implementing contracts effectively
- Managing contract performance
- Building strong contractor relationships
Module 3: Risk Management in Contracts
- Identifying and assessing risks
- Contingency planning and risk mitigation
- Balancing contractual risk and reward
Module 4: Compliance and Legal Considerations
- Navigating legal frameworks in contracts
- Understanding regulatory requirements
- Managing contractual rights and obligations
Module 5: Contract Analysis and Reporting
- Extracting insights from contract data
- Performance reporting techniques
- Driving improvements in contract processes
Module 6: Negotiation and Conflict Resolution
- Applying advanced negotiation strategies
- Managing disputes in contractual relationships
- Creating win-win outcomes
Module 7: Technology in Strategic Contract Management
- Utilizing digital tools for contract management
- Applying data analytics to contracting
- Exploring innovative technologies
Module 8: Case Studies and Practical Applications
- Reviewing real-world strategic contract examples
- Identifying common challenges and solutions
- Analyzing best practices in contract management
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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