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 our course Participants will learn the insides and outs of Contract Management. Contracts are made with vendors, employees, customers, partnerships, and these agreements must be managed carefully. In order to effectively implement Contract Management it is necessary to understand all the small details, and that is what you get with this workshop.
By the end of this one-day training course, the participants will have:
Ability to apply effective contracting strategies to maximize results and minimize risk
Ability to manage a contract life cycle properly
Ability to select the most qualified vendors
Ability to orchestrate the negotiation process for “win-win” outcomes
Ability to achieve the delivery of intended objectives and successful contract closure.
- Training Objectives
- What is Contract Management?
- Contract Types
- Contract Elements
- Risks of Poor Contract Management
- Case Study