Contract Management (E-learning)

Contract Management Course

• Master Contract Management: In 25 practical video lessons
• Practical Examples: Bring more clarity to the process
• Flexible Learning: Complete the course in 8-16 hours

1. Foundations of Contract Management

Learn the essentials of contract management, its lifecycle, and role in procurement.

2. Drafting and Negotiating Contracts

Gain skills in drafting, negotiating, and analysing contracts effectively.

3. Managing Contracts and Mitigating Risks

Master contract performance, track key metrics, and handle risks effectively.

Delivery Method

Online (E-learning)

What You'll Learn

Risk Management in Procurement Course

• This course is designed to help you master all aspects of contracts – from their basic use and importance to the most important legal knowledge and skills required for successful contract management.
• This course offers customised templates for a wide range of contract management tasks, such as analysing, creating, negotiating, mitigating risks, tracking KPIs, and improving supplier performance.
• By the end of this course, you’ll fully understand each phase that a contract goes through and gain practical advice on how to optimise and structure the contract management processes within your team.

1. Introduction to Contract Management

This module is intended to provide you with a basic introduction to contract management. It starts by showing how contract management fits into the overall procurement process, so you understand why it’s important and when to focus on it.

What you will learn:

• Contract Management in the Procurement Process
• Contract Management and its 3 Pillars
• Contract Management Lifecycle
• The Importance and the Success Factors of Contract Management
• Contract Management Skills
• Key Legal Concepts in Contract Management

This module includes:

• Extra reading material
• 8 video lessons

2. Drafting and Negotiating Contracts

You’ll learn how to analyse contracts, negotiate terms, and draft them, building key skills in this area. Throughout the module, we’ll cover common mistakes to avoid, the causes and consequences of poor contract management, how to assess the current state of your contracts, and how to track them effectively. You’ll also learn the key elements every contract should have, and gain a step-by-step guide to creating and negotiating your own contracts.

What you will learn:

Essential Elements of a ContractCommon Pitfalls to AvoidCauses, Effects, and Impact of Poor Contract ManagementAnalysing the State of Contract Management & ContractsHow to Create Your ContractHow to negotiate your contractsCreating your Contract Overview

This module includes:

• Extra reading material
• 8 video lessons

3. Managing Contracts and Suppliers

This module will help you learn how to choose the right KPIs for your contract management processes. You’ll learn how to monitor performance and ensure compliance by creating a scorecard and tracking your predefined supplier performance measures. You’ll also learn how to build strong supplier relationships, with helpful tips and a template for tracking and fostering the development of your suppliers. Next, the advice we will share on risk management will help you identify potential risks and use our template to plan for future challenges. This way, you’ll be ready for any situation with a clear action plan. Lastly, we’ll share best practices to help you review what you’ve learned and see the bigger picture in your contract management plan and execution.

What you will learn:

• KPIs in Contract Management
• Creating a Contract Management Scorecard
• Supplier Relationship Management
• Risk Management in Contracts
• Contract Management Tactics to Implement

This module includes:

• Extra reading material
• 7 video lessons

Visit the Procurement Tactics Website

Visit the Procurement Tactics website for detailed course pricing, more information or to book this course.

Related Content

• Procurement courses
• Business, management & Legal courses
• HR, Sales & Marketing courses
• Language courses
• English courses
• Academic & Personal Development

Procurement Tactics educate procurement professionals to close better deals, secure supply and advance their career. The team at Procurement Tactics has over 20 years of experience in procurement and negotiations and trains procurement teams from small and large companies from all over the world.

For accredited courses a certificate will be sent directly to you from the appropriate awarding body.

For short health and safety courses a completion certificate is available at the end of the course. You can screenshot this or print it out to confirm completion of the training.

All you need to complete online courses is a computer, tablet or smartphone and an internet connection.

Connection quality is the responsibility of the delegate. If you need to download free video conferencing software please visit our video conferencing software page where you can download the software specified by the training provider.

E-learning and Online (Instructor-led) training is more flexible, efficient, and cost-effective.

Short online courses also help employers to demonstrate that they have fulfilled their legal duties to ensure their personnel have been adequately trained.

Once the courses have been completed, a confirmation of results can be saved or printed as evidence. This can then be kept on record as evidence of suitable training.

After you purchase this course you will be contacted by Procurement Tactics.

Envico Limited is an independent intermediary working with Procurement Tactics in an affiliate program. Envico is not accredited by or associated with Procurement Tactics or any other examination body or institution in any way. All courses promoted on this website are delivered by independent and established accredited or approved training providers.