Contract Management Course

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 relationships will flourish. If they are not, companies face financial loss, relationship harm, and damaged reputations.

With this course, you will learn the insides and outs of Contract Management. Contracts are made with vendors, employees, customers, partnerships, and these agreements must be managed carefully. To effectively implement Contract Management it is necessary to understand all the small details, and that is what you get with this course.

Course curriculum

  • 1

    Module 1: Getting Started

    • Course Objectives
  • 2

    Module 2: Defining Contract Management

    • What is Contract Management?

    • Contract Types

    • Contract Elements

    • Risks of Poor Contract Management

    • Case Study

    • Module 2: Review Questions
  • 3

    Module 3: Legal and Ethical Contract Management

    • Contract Law I

    • Contract Law II

    • Defining Ethical Contract Management

    • Ethical Breaches

    • Case Study

    • Module 3: Review Questions
  • 4

    Module 4: Contract Management Requests

    • Choosing Potential Bidders

    • RFPs and Technology

    • Calculating Value

    • Making a Choice

    • Case Study

    • Module 4: Review Questions
  • 5

    Module 5: How to Create a Contract

    • Templates and Software

    • Compliance

    • Wording

    • Risks of Noncompliance

    • Case Study

    • Module 5: Review Questions
  • 6

    Module 6: Contract Negotiations

    • Be Prepared

    • Prioritize Terms

    • Remain Professional

    • Execute the Contract

    • Case Study

    • Module 6: Review Questions
  • 7

    Module 7: Assess Performance

    • What Performance Can Be Assessed

    • Creating Metrics

    • Measuring Performance

    • Improving Performance

    • Case Study

    • Module 7: Review Questions
  • 8

    Module 8: Relationships

    • Qualities of Effective Relationships

    • Relationship Pitfalls

    • Building Trust

    • Maintaining Relationships

    • Case Study

    • Module 8: Review Questions
  • 9

    Module 9: Amending Contracts

    • Redlines and Strikeouts

    • Replacing Clauses

    • Describing Amendments

    • Amendment Status

    • Case Study

    • Module 9: Review Questions
  • 10

    Module 10: Conducting Audits

    • Why Audit?

    • Plan

    • Establishing Procedures

    • Investigate and Report

    • Case Study

    • Module 10: Review Questions
  • 11

    Module 11: Renewing Contracts

    • Involve Stakeholders

    • Review

    • Check for Accuracy and Changes

    • Update or Cancel

    • Case Study

    • Module 11: Review Questions
  • 12

    Wrapping Up

    • Completion of Action Plans and Evaluations