About this Program

Course Overview:

Simply put, Contract Management is ‘Forward Thinking’ and Bill Gates for one, would never be able to appreciate it enough! Call it seeing the right opportunity at the right time and then executing well on the concept.

Contract management is the process of managing contract creation, execution and analysis to maximise operational and financial performance at an organisation, all while reducing financial risk. Organizations encounter an ever-increasing amount of pressure to reduce costs and improve company performance.

Perhaps the best case in focus would be of the IBM PC that presents how Microsoft ended up with the contract for the operating system, which would eventually make Microsoft’s MS-DOS the standard and set the stage for Microsoft becoming the leading PC software company.

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 READ’s “Contract Management” workshop, the participants will discover the specifics of how contract management works and how to effectively source agents.

Key Objectives Of The Course:

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

Course Provider

READ Academy, Riyadh KSA

A Premier International Training Organisation on Soft-Skills and Organizational Behavior.

Our team of experienced trainer/facilitators are passionate about delivering high quality, innovative candidates who meet industry needs. With over 20 years of experience in the area of management sciences with extensive experience in financial management, strategic planning, organizing, presenting, communication, contract negotiation and Islamic Finance, Read Academy firmly believes that all managerial actions should have strategy, as the driving force for the goal of an organizational structure is to support the implementation of the chosen strategy.

Units

Unit 1: Getting Started

Basic Info Getting Started with Contract Management
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Icebreaker
  • Housekeeping Items
  • The Parking Lot
  • Workshop Objectives

Unit 2 - Defining Contract Management

Basic Info Defining Contract Management
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • What is Contract Management?
  • Contract Types
  • Contract Elements
  • Risk of poor Contract Management
  • Case Study
  • Review Questions

Unit 3 - Legal and Ethical Contract Management

Basic Info Legal and Ethical Contract Management
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Contract Law (I)
  • Contract Law (II)
  • Defining Ethical Contract Management
  • Ethical Breaches
  • Case Study
  • Review Questions

Unit 4 - Contract Management Requests

Basic Info Contract Management Requests    
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Choosing Potential Bidders
  • REPs and Technology
  • Calculating value
  • Making a choice
  • Case Study
  • Review Question

Unit 5 - How to Create a Contract

Basic Info How to Create a Contract
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Templates and Software
  • Compliance
  • Wording
  • Risk of Noncompliance
  • Case Study
  • Review Questions

Unit 6 - Contract Negotiations

Basic Info Contract Negotiations  
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Be Prepared
  • Prioritize Terms
  • Remain professional
  • Execute the Contract
  • Case Study
  • Review Questions

Unit 7 - Assess Performance

Basic Info Assess Performance
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Performance Can Be Assessed
  • Creating Metrics
  • Measuring Performance
  • Improving Performance
  • Case Study
  • Review Questions

Unit 8 - Relationships

Basic Info Relationships  
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Qualities of Effective Relationship
  • Relationship Pitfalls
  • Building Trust
  • Maintaining Relationships
  • Case Study
  • Review Questions

Unit 9 - Amending Contracts

Basic Info Amending Contracts
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Redlines and Strikeouts
  • Replacing Clauses
  • Describing Amendments
  • Amendment Status
  • Case Study
  • Review Questions

Unit 10 - Conducting Audits

Basic Info Conducting Audits
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Why Audit?
  • Plan
  • Establishing Procedures
  • Investigate and Report
  • Case Study
  • Review Questions

Unit 11 - Renewing Contracts

Basic Info Renewing Contracts
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Involve Stakeholders
  • Review
  • Check for the Accuracy and Changes
  • Update or Cancel
  • Case Study
  • Review Questions

Unit 12- Wrapping up

Basic Info Wrapping up of the Contract Management
Commitment 30 Minutes
Language English
Level Beginner

About this Unit:

  • Words from the Wise
  • Review of Parking Lot
  • Lessons Learned
  • Completion of Action Plans and Evaluations

All of these professional training resources are based on the most up-to-date body of knowledge and carefully selected by subject matter experts.

FAQs

When will I have access to the lectures and assignments?

Once you enroll for a Certificate, you’ll have access to all content and programming assignments (if applicable). If you choose to explore the course without purchasing, you may not be able to access certain assignments.

What will I get if I pay for this course?

If you pay for this course, you will have access to all of the features and content you need to earn a Course Certificate. If you complete the course successfully, your electronic Certificate will be generated. You can print your Certificate or add it to your LinkedIn profile. Note that the Course Certificate does not represent official academic credit from the partner institution offering the course.

How it works?

Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

Course Certificate

Upon successful completion, you will earn a certificate endorsed by READ Academy.

Contact Us

If you have any questions, concerns or need an insight to our soft approach, please contact us

Email: courses@swifthcm.com | info@readacademy.net 

Phone – +966532874341 | +919573302126

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