Course Synopsis

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. With this workshop, you will discover the specifics on how contract management works and how to effectively source agents.

Course Objectives

  • Identify contract elements
  • Understand ethical contract management
  • Calculate value
  • Negotiate contracts
  • Create basic amendments

Course curriculum

  • 1

    Getting Started

    • Module 1 - Introduction

    • Module 1 - Getting Started

    • Module 1 - Workshop Objectives

  • 2

    Defining Contract Management

    • Module 2 - Defining Contract Management

    • Module 2 - What is Contract Management

    • Module 2 - Contract Types

    • Module 2 - Contract Elements

    • Module 2 - Risks of Poor Contract Management

    • Module 2 - Case Study

    • Module 2 - Video

    • Module 2 - Quiz

  • 3

    Legal and Ethical Contract Management

    • Module 3 - Legal and Ethical Contract Management

    • Module 3 - Contract Law (I)

    • Module 3 - Contract Law (II)

    • Module 3 - Defining Ethical Contract Management

    • Module 3 - Ethical Breaches

    • Module 3 - Case Study

    • Module 3 - Video

    • Module 3 - Quiz

  • 4

    Contract Management Requests

    • Module 4 - Contract Management Requests

    • Module 4 - Choosing Potential Bidders

    • Module 4 - RFPs and Technology

    • Module 4 - Calculating Value

    • Module 4 - Making a Choice

    • Module 4 - Case Study

    • Module 4 - Video

    • Module 4 - Quiz

  • 5

    How to Create a Contract

    • Module 5 - How to Create a Contract

    • Module 5 - Templates and Software

    • Module 5 - Compliance

    • Module 5 - Wording

    • Module 5 - Risks of Noncompliance

    • Module 5 - Case Study

    • Module 5 - Video

    • Module 5 - Quiz

  • 6

    Contract Negotiations

    • Module 6 - Contract Negotiations

    • Module 6 - Be Prepared

    • Module 6 - Prioritize Terms

    • Module 6 - Remain Professional

    • Module 6 - Execute Contract

    • Module 6 - Case Study

    • Module 6 - Video

    • Module 6 - Quiz

  • 7

    Assess Performance

    • Module 7 - Assess Performance

    • Module 7 - Performance Can Be Assessed

    • Module 7 - Creating Metrics

    • Module 7 - Measuring Performance

    • Module 7 - Improving Performance

    • Module 7 - Case Study

    • Module 7 - Video

    • Module 7 - Quiz

  • 8

    Relationships

    • Module 8 - Relationships

    • Module 8 - Qualities of Effective Relationships

    • Module 8 - Relationship Pitfalls

    • Module 8 - Building Trust

    • Module 8 - Maintaining Relationships

    • Module 8 - Case Study

    • Module 8 - Video

    • Module 8 - Quiz

  • 9

    Amending Contracts

    • Module 9 - Amending Contracts

    • Module 9 - Redlines and Strikeouts

    • Module 9 - Replacing Clauses

    • Module 9 - Describing Amendments

    • Module 9 - Amdendment Status

    • Module 9 - Case Study

    • Module 9 - Video

    • Module 9 - Quiz

  • 10

    Conducting Audits

    • Module 10 - Conducting Audits

    • Module 10 - Why Audit?

    • Module 10 - Plan

    • Module 10 - Establishing Procedures

    • Module 10 - Investigate & Report

    • Module 10 - Case Study

    • Module 10 - Video

    • Module 10 - Quiz

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  • 11

    Renewing Contracts

    • Module 11 - Renewing Contracts

    • Module 11 - Involve Stakeholders

    • Module 11 - Review

    • Module 11 - Check for Accuracy and Changes

    • Module 11 - Update or Cancel

    • Module 11 - Case Study

    • Module 11 - Video

    • Module 11 - Quiz

  • 12

    Wrapping Up

    • Module 12 - Wrapping Up

Contract Management