Contract Management

Every business relationship relies on contracts. Contracts are made with vendors, employees, customers, partnerships, etc. These agreements must be managed carefully, which is where contract management comes into the picture. In order to effectively implement contract management, however, it is necessary to understand what it entails.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, he or she is involved in not just the planning and development but also the execution of the contract, and beyond to the point of renewal.If contracts are managed well, business relationship will flourish. Poor contract management, on the contrary, can cost business relationships, delays projects, causes litigation, and damages the bottom line.

TARGET AUDIENCE

This course is designed for:

Anyone responsible for managing contracts within a public or private organization Business owners and executives.

The following 11 subjects form the core of the courses:

• Lesson 1: Defining Contract Management
• Lesson 2: Legal and Ethical Contract Management
• Lesson 3: Contract Management Requests
• Lesson 4: How to Create a Contract
• Lesson 5: Contract Negotiations
• Lesson 6: Assess Performance
• Lesson 7: Relationships
• Lesson 8: Amending Contracts
• Lesson 9: Conducting Audits
• Lesson 10: Renewing Contracts
• Lesson 11: Download Course Curriculum

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