Contract management is the process of managing contract creation, execution and analysis to maximize operational and financial performance at an organization, all while reducing financial risk. Organizations encounter an ever-increasing amount of pressure to reduce costs and improve company performance. Contract management proves to be a very time-consuming element of business, which facilitates the need for an effective and automated contract management system.
Contract management is the management of contracts made with customers, vendors, partners, or employees. At the end of this study, learners should be able to:
- Know the types and elements of a contract
- Have a deep understanding of contract management
- Have a keen knowledge on the fundamentals and elements of successful contract management
- Understand the benefits and stages of contract management
- Have an overview of contract standard provisions
- Know the steps to automating your contract management process
- Understand the importance of effective contract management
- Know the role of contract manager
Course Curriculum
SECTION 1: UNDERSTANDING THE CONCEPT OF CONTRACTS
1
Meaning of contract
2
Types of Contracts
3
Elements of a Contract
4
Quiz
SECTION 2: INTRODUCTION TO CONTRACT MANAGEMENT
1
Definition of contract management
2
The fundamentals and Elements of successful contract management
3
Benefits of contract management
4
Stages of contract management
5
Quiz
SECTION 3: UNDERSTANDING THE PRINCIPLE OF CONTRACT MANAGEMENT
1
Overview of Contract Standard Provisions
2
Steps to Automating Your Contract Management Process
3
Importance of effective Contract Management
4
Role of Contract Manager
5
Conclusion
6
Quiz
SECTION 1: UNDERSTANDING THE CONCEPT OF CONTRACTS
SECTION 2: INTRODUCTION TO CONTRACT MANAGEMENT
SECTION 3: UNDERSTANDING THE PRINCIPLE OF CONTRACT MANAGEMENT
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