The Fundamentals of Contract Management

You will be seeking to learn and apply The Fundamentals of Contract Management. You may want new insights as a member of a commercial team. Or a project manager whom wishes to understand, how to better incorporate contract management activity within your work streams. Finally you may not have any experience at all with contracts, and want to become prepared to manage them. Regardless of your circumstances, you will have the opportunity to learn and apply the information throughout the course.

This course will enable you to:

• Develop contract management strategy for your organisation

• Navigate the phases of contract management lifecycle

• Implement contract management activity

• Identify value of contract management data

• Become efficient at managing contract transitions

For the Individual

• Develop knowledge of Contract Management Lifecycle, enabling you to input at the right times.

• Provide an overview of the activities needed to maximise performance.

• Build confidence in managing large complex contracts.

For the Team

• Plan resource allocation for weekly and strategic aims, avoiding wastage of time and money.

• Identify activity driven by strategy, minimising ad-hoc work.

• Comprehensive KPI development, to make lean and efficient data evaluation.

For the Organisation

• Upskill your personnel to maximise ERP systems.

• Use a framework to write your strategy, to minimise the Lack of oversight for contract management,

• Apply methods to extract value for money, avoiding costly activity to gathering data for achieving goals

Questions you may have

1. Do I need advanced mathematical knowledge?

Answer: No, this course uses both qualitative and quantitative methods, and calculations which can be performed on a spreadsheet or use of a calculator.

2. Do I have to work in commercial or buying already to take the course?

Answer: No, this course upskills those whom already work in the field, and enables those wishing to work in contract management, procurement, commercial, buying, and purchasing.

3. Do I need to take notes and do homework?

Answer: We encourage our students to take notes and actively listen, this will enable you to understand, then apply the knowledge from the lectures. Our “homework” are Activity Sheets which you can do at work! The tools and methods can be applied at work, and so you can start benefiting in your professional and personal learning.