Contract Management

Course Description

It is easy to overlook the importance of contract management because it seems to be a boring, mundane topic. Contracts, however, are the basis of most business relationships. If contracts are managed well, business relationship will flourish. If they are not, companies face financial loss, relationship harm, and damaged reputations. Objectives • Identify contract elements • Understand ethical contract management • Calculate value • Negotiate contracts • Create basic amendments Course Contents: • What is Contract Management? • Contract Types • Contract Elements • Risks of Poor Contract Management • Legal and Ethical Contract Management • Contract Law • Defining Ethical Contract Management • Ethical Breaches • RFPs and Technology • Calculating Value • Making a Choice • How to Create a Contract • Templates and Software • Compliance • Wording • Risks of Noncompliance • Contract Negotiations • Execute the Contract • Assess Performance • What Performance Can Be Assessed • Creating Metrics • Qualities of Effective Relationships • Building Trust • Maintaining Relationships • Amending Contracts • Redlines and Strikeouts • Replacing Clauses • Describing Amendments • Conducting Audits • Why Audit? • Renewing Contracts • Involve Stakeholders • Review • Check for Accuracy and Changes • Words from the Wise What You Will Get When Enrolling? 1. Course PowerPoint Presentation 2. Training Manual 3. Training Audios 4. Training Videos 5. Course Activities 6. Case Studies On Completion Book for a Free Course Assessment Session and receive Your Course Certificate