Contract Management Business
What you'll learn
- Establishing contract management structures
- Developing effective contract management strategy
- Contract management to drive business value
- Contract management in constrction
- Essentials of government contract management keys to success
- Contract management best practices
- Strategies for effective contract management
- How to effectively promote equity in the workplace
Requirements
- No special requirement
- Desire to learn more about contract management
Description
Contract management is the process of managing legally-binding agreements from initiation through to execution. Contract management activities include creation and negotiation, contract execution, contract compliance monitoring and renewal or close out. We must understand clearly that, how your business manages its contract- from the systems it uses to how teams work together- will ultimately influence its levels of visibility, control and compliance. The strength of these pillars will determine your business's overall success- so your people, processes and technology need to be built with this in mind. Contract management is vital because how you handle your agreements end-to end will influence the outcomes of the agreements. Building standardized and collaborative contract management processes throughout your organization is vital because it gets all stakeholders working in the same way. Your business can expect to achieve its negotiated outcomes time and time again- as well as find opportunities to strengthen its position.
Understanding the request phase during the contract stages is very important because stakeholders involved initiates the contract process. This is the first stage of the contract life cycle, which allows suppliers, customers, and partners to gather the essential details associated with any contract, amendment, renewal etc. Some software products allow teams to establish contract request forms that ensure all data is captured in a centralized place, which allows stakeholders to review and approve all the information requested in one single place. A breach of contract is a failure to do what one has agreed to do in a contract. A failure to perform duties in a contract is the triggering force behind many lawsuits. Common examples of breach of contract include a homeowner's failure to make a mortgage payment a caterer's failure to bring food to an event, or a celebrity's failure to show up at an event. All of the following steps must be prove to the court's satisfaction in order to win a breach of contract case.
Who this course is for:
- Employees, managers, contractors, procurement officers, CEO, directors, company, corporations, businessmen, students, governments, lawyers, consultants, general public, accountants, finance ministries etc.
Instructor
- 4.1 Instructor Rating
- 5,264 Reviews
- 13,189 Students
- 378 Courses
My education is centered on business and marketing, I have studied with Chartered Institute of Marketing ( C.I.M-UK) from certificate in marketing, advance certificate in marketing to post graduate diploma in marketing. I proceeded to do Master of Business Administration from Central University Graduate Business School.
I have twenty three years of practical working experience with reputable organisations. The names of these previous organisations I have worked with are Central university Lecturer, Platinum Impex limited, Regional sales/marketing officer, sales/marketing executive, Laine Services Limited. Strict Marketing Research Services director/consultant,etc. Iam currently working with Udemy as instructor.
I believe in ardent entrepreneurship and always prepare to help business start-up voluntary. In this twenty first century, the customer is king, and every business or student need to understand the customer centric regime. you need the right education and training to understand the customer and deliver to his satisfaction. If you satisfy the customer consistently he will pay your organisation with his loyalty.