Contract Management

Description

It is easy to overlook the importance of contract management because it seems to be a boring, mundane topic.  Contracts, however,  are the basis of most business relationships. If contracts are managed well, business relationships will flourish. If they are not, companies face financial loss, relationship harm, and damaged reputations.

With our “Contract Management” course, you will discover the specifics of how contract management works and how to effectively source agents.

Course Curriculum

  • Introduction
    • Course Objectives ..
  • Module 1
    • Defining Contract Management ..
    • What is Contract Management? ..
    • Contract Types ..
    • Contract Elements ..
    • Risks of Poor Contract Management ..
    • Knowledge Check ..
  • Module 2
    • Legal and Ethical Contract Management ..
    • Contract Law (I) ..
    • Contract Law (II) ..
    • Defining Ethical Contract Management ..
    • Ethical Breaches ..
    • Knowledge Check ..
  • Module 3
    • Contract Management Requests ..
    • Choosing Potential Bidders ..
    • RFPs and Technology ..
    • Calculating Value ..
    • Making a Choice ..
    • Knowledge Check ..
  • Module 4
    • How to Create a Contract ..
    • Templates and Software ..
    • Compliance ..
    • Wording ..
    • Risks of Noncompliance ..
    • Knowledge Check ..
  • Module 5
    • Contract Negotiations ..
    • Be Prepared ..
    • Prioritize Terms ..
    • Remain Professional ..
    • Execute the Contract ..
    • Knowledge Check ..
  • Module 6
    • Assess Performance ..
    • What Performance Can Be Assessed ..
    • Creating Metrics ..
    • Measuring Performance ..
    • Improving Performance ..
    • Knowledge Check ..
  • Module 7
    • Relationships ..
    • Qualities of Effective Relationships ..
    • Relationship Pitfalls ..
    • Building Trust ..
    • Maintaining Relationships ..
    • Knowledge Check ..
  • Module 8
    • Amending Contracts ..
    • Redlines and Strikeouts ..
    • Replacing Clauses ..
    • Describing Amendments ..
    • Amendment Status ..
    • Knowledge Check ..
  • Module 9
    • Conducting Audits ..
    • Why Audit? ..
    • Plan ..
    • Establishing Procedures ..
    • Investigate and Report ..
    • Knowledge Check ..
  • Module 10
    • Renewing Contracts ..
    • Involve Stakeholders ..
    • Review ..
    • Check for Accuracy and Changes ..
    • Update or Cancel ..
    • Knowledge Check ..
  • Assessment
    • Post Test ..