Course Overview
Every business runs on some commitments; commitments to the employees, to the suppliers, to the shareholders, and to the clients. Most of these commitments are bound by a contract, and the complete responsibility of managing such commitments, from the creation to the execution stage, and analysing the overall performance is called contract management.
To perform such responsibility with effectiveness, you must have a proper understanding of the contract lifecycle. The Contract Management Course is designed to educate you on the fundamentals of contract management and the roles and responsibilities of a contract manager.
In this course, you will learn about the contract management process, the legal view and the different aspects of contractual obligations. Furthermore, you will explore the importance of ensuring quality, evaluating and managing the risks factors and different negotiation techniques of contract management.
Upon completion, you will have a thorough understanding of the contract management process and gain insight into the career opportunities to fast-track your career as a Contract Manager.
Key Topics to Be Covered
- Classification of contracts
- Different stages of the contract lifecycle
- Elements and importance of successful contract management
- Case studies on contract management
- KPIs for evaluating contract management processes, with example
- The future and challenge of contract management
- The basic principles of English Contract Law
- Career opportunities: 4 reasons to choose a career in contract management
- The 10 steps of Contract Risk Management
- Supplier Relationship Management
Learning Outcomes
- Learn the roles and responsibilities of a Contract Manager.
- Explore the benefits of successful contract management.
- Uncover what can go wrong in contract management and why.
- Get familiarised with basic terminologies and contents of a contract.
- Learn what a contract review is and get the standard contract review checklist.
- Discover the different factors to consider in an effective contract management plan.
- Explore the types of risks in contract management.
- Learn about the 5 key negotiating skills.
- Find out how to deal with change in contract.
Course Preview
Your Path to Success
If you’re looking to establish or advance your business management career potential, you can take a large step to your success by gaining knowledge and expertise in Contract Management. This is a highly employable skill and has an increasing demand in different government, non-government financial, or nonprofit organisations
The nature of contract management skill will provide you with opportunities to grow a career in project management, budgeting, risk management, accounting, financial modelling, and business law sector.
Skills You Will Gain
- Contract Management
- HR Management
- Project Management
- Budgeting
- Purchase Management
- Commercial Management
- Legislative Skill
- Administrative Skill
- Negotiation
- Risk Management
Is This Contract Management Course Level 3 Right for You?
The Contract Management course is perfect for anyone interested in a career in finance, purchasing, or HR management, as well as law practitioners who want to gain expertise in contract management.
This comprehensive guide is also great for practising professionals who acquired some practical knowledge but lack theoretical understanding and require attestation of their skills. The CPD Accredited Certification will boost your resume to help you stand out to prospective employers.
There are no specific requirements to enrol in this course, and to help you learn at your own schedule, the course is fully accessible from any internet-enabled smart device.
Assessment Process
Once you have finished the learning stages in the course, your abilities will be assessed by an automated multiple-choice question session, after which you will receive the results immediately.
Showcase Your Accomplishment of New Skills: Get a Certification of Completion
Course Curriculum
| Introduction to the Course | |||
| Module 01: Introduction to Contract Management | |||
| Introduction to Contract Management | 00:23:00 | ||
| Module 02: Contract Lifecycle - Understanding The Stages | |||
| Contract Lifecycle – Understanding The Stages | 00:16:00 | ||
| Module 03: Contract Manager’s Roles, Responsibilities & Career Opportunities | |||
| Contract Manager’s Roles, Responsibilities & Career Opportunitiesv | 00:16:00 | ||
| Module 04: Principles of English Contract Law | |||
| Principles of English Contract Law | 00:26:00 | ||
| Module 05: Classification of Contracts | |||
| Classification of Contracts | 00:18:00 | ||
| Module 06: Case Study on Contract Management | |||
| Case Study on Contract Management | 00:15:00 | ||
| Module 07: Contract Management Plan & Efficiency | |||
| Contract Management Plan & Efficiency | 00:16:00 | ||
| Module 08: Risks, Disputes & Supplier Relation In Contract Management | |||
| Risks, Disputes & Supplier Relation In Contract Management | 00:23:00 | ||
| Module 09: Negotiation, Variation & Changes in Contract Management | |||
| Negotiation, Variation & Changes in Contract Management | 00:16:00 | ||
| Module 10: Contract Management Process Evaluation & KPI | |||
| Contract Management Process Evaluation & KPI | 00:23:00 | ||
| Module 11: Contract Review, Challenges and Future | |||
| Contract Review, Challenges and Future | 00:21:00 | ||
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