Contract Management

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.

Beginner 0(0 Ratings) 1 Students enrolled English
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Last updated Wed, 07-Jun-2023
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Course overview

Contract management is not just contract administration. Rather than simply drawing up the contracts, the manager works to ensure that the entire process runs smoothly. The contract manager is involved in, not just the planning and development, but also the execution of the contract and beyond to the point of renewal. 

What will i learn?

  • Identify contract elements
  • Understand ethical contract management
  • Calculate value
  • Negotiate contracts
  • Create basic amendments
Curriculum for this course
61 Lessons 00:00:00 Hours
Module 1
6 Lessons 00:00:00 Hours
  • Defining Contract Management
    .
  • What is Contract Management?
    .
  • Contract Types
    .
  • Contract Elements
    .
  • Risks of Poor Contract Management
    .
  • Formative Assesment
    0:00:00
Module 2
6 Lessons 00:00:00 Hours
  • Legal and Ethical Contract Management
    .
  • Contract Law (I)
    .
  • Contract Law (II)
    .
  • Defining Ethical Contract Management
    .
  • Ethical Breaches
    .
  • Formative Assesment
    0:00:00
Module 3
6 Lessons 00:00:00 Hours
  • Contract Management Requests
    .
  • Choosing Potential Bidders
    .
  • RFPs and Technology
    .
  • Calculating Value
    .
  • Making a Choice
    .
  • Formative Assesment
    0:00:00
Module 4
6 Lessons 00:00:00 Hours
  • How to Create a Contract
    .
  • Templates and Software
    .
  • Compliance
    .
  • Wording
    .
  • Risks of Noncompliance
    .
  • Formative Assesment
    0:00:00
Module 5
6 Lessons 00:00:00 Hours
  • Contract Negotiations
    .
  • Be Prepared
    .
  • Prioritize Terms
    .
  • Remain Professional
    .
  • Execute the Contract
    .
  • Formative Assesment
    0:00:00
Module 6
6 Lessons 00:00:00 Hours
  • Assess Performance
    .
  • What Performance Can Be Assessed
    .
  • Creating Metrics
    .
  • Measuring Performance
    .
  • Improving Performance
    .
  • Formative Assesment
    0:00:00
Module 7
6 Lessons 00:00:00 Hours
  • Relationships
    .
  • Qualities of Effective Relationships
    .
  • Relationship Pitfalls
    .
  • Building Trust
    .
  • Maintaining Relationships
    .
  • Formative Assesment
    0:00:00
Section 8
6 Lessons 00:00:00 Hours
  • Amending Contracts
    .
  • Redlines and Strikeouts
    .
  • Replacing Clauses
    .
  • Describing Amendments
    .
  • Amendment Status
    .
  • Formative Assesment
    0:00:00
Section 9
6 Lessons 00:00:00 Hours
  • Conducting Audits
    .
  • Why Audit?
    .
  • Plan
    .
  • Establishing Procedures
    .
  • Investigate and Report
    .
  • Formative Assesment
    0:00:00
Section 10
6 Lessons 00:00:00 Hours
  • Renewing Contracts
    .
  • Involve Stakeholders
    .
  • Review
    .
  • Check for Accuracy and Changes
    .
  • Update or Cancel
    .
  • Formative Assesment
    0:00:00
Formative Assesment
1 Lessons 00:00:00 Hours
  • Quiz test
    0:00:00
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