Contract Management

The Contract Management course provides a comprehensive exploration of the principles, processes, and best practices involved in effectively managing contracts throughout their lifecycle. Participants will gain practical insights into legal frameworks, ethical considerations, negotiation strategies, performance assessment techniques, and the importance of fostering strong stakeholder relationships. The course emphasizes practical application through case studies, interactive discussions, and simulations, ensuring participants are equipped with the skills needed to navigate the complexities of contract management in various organizational contexts.

Upon successful completion of the course and assessment criteria, participants will receive a certificate of completion recognizing their understanding and competency in contract management practices.

This course aims to empower participants with the knowledge and skills necessary to navigate the complexities of contract management effectively, ensuring organizational success through sound contractual practices and ethical conduct.

• Explain the concept of contract management and its importance in organizational governance and risk management.
• Differentiate between various contract types (e.g., sales contracts, service contracts, procurement contracts) and understand the essential elements that constitute a valid contract.
• Discuss key principles of contract law relevant to contract management, and identify ethical guidelines and practices to ensure compliance and integrity.
• Evaluate the process of choosing potential bidders, draft effective Requests for Proposals (RFPs), calculate proposal value, and make informed decisions based on objective criteria.