Why Attend
Define contract management and its role in business operations ,Discuss the types of contracts used in business ,Review the benefits and challenges of effective contract management ,Explain how to implement a successful contract management strategy
Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing
Understand the concept and benefits of contract management; Identify and evaluate relevant contractual factors; Develop and implement a contract management strategy; Analyze and interpret contractual terms to inform business decisions; Communicate findings and recommendations to stakeholders
n/a
Day 1
Introduction to Contract Management
Understanding contract management: definition and types
Identifying relevant contractual factors
Mapping your organization's contract landscape
Day 2
Contract Negotiation and Drafting
Best practices for effective contract negotiation
Drafting effective contract language and clauses
Understanding and mitigating legal risks
Day 3
Contract Execution and Performance Monitoring
Ensuring compliance with contract terms and conditions
Managing contract modifications and change orders
Implementing effective contract performance metrics and monitoring
Day 4
Contract Administration and Termination
Ensuring effective contract administration
Managing contract closeout and termination
Identifying and mitigating contract disputes and conflicts
Day 5
Case Studies and Wrap-up
Reviewing real-world examples of successful contract management strategies
Discussing lessons learned and best practices
Q&A and course evaluation