COURSE OBJECTIVES
At the end of this program, participants will be able to:
- Master advanced principles of contract management.
- Understand practices related to contract management.
- Develop skills for handling complex contracts.
- Mitigate risks associated with contracts effectively.
- Learn advanced techniques for contract negotiation.
- Gain expertise in drafting complex contracts.
- Enhance capabilities in monitoring contract performance and ensuring compliance.
TARGET AUDIENCE
- Senior Contract Managers.
- Procurement Specialists.
- Legal Professionals.
- Project Managers.
- Business Executives.
- Contract Administrators.
- Stakeholders in Contract Management.
DAY 1: Advanced Principles of Contract Management
- In-depth exploration of sophisticated contract management concepts.
- Responsibilities and duties of senior contract managers.
- The strategic significance of effective contract management.
- Essential components of intricate contracts.
- Evaluation of advanced scenarios in contract management.
DAY 2: Complex Contract Negotiation and Drafting
- Techniques for negotiating complex contracts.
- Crafting clear and enforceable terms in contracts.
- Addressing the needs of contracting parties.
- Considering the interests of contracting parties.
- Important clauses in intricate contracts.
DAY 3: Risk Management in Complex Contracts
- Recognising and evaluating risks associated with contracts.
- Approaches for risk mitigation.
- Creating comprehensive risk management plans.
- Ensuring compliance with legal and regulatory standards.
- Case studies on risk management in real-world scenarios.
DAY 4: Contract Performance Monitoring and Compliance
- Assessing and monitoring contract performance.
- Guaranteeing compliance with contract stipulations.
- Managing deviations and implementing corrective measures.
- Key performance metrics in contract management.
- Conversations regarding performance monitoring strategies.
DAY 5: Dispute Resolution and Contract Closeout
- Mechanisms for resolving disputes.
- Approaches for conflict resolution within contracts.
- Procedures for effective contract closeout.
- Conducting post-contract evaluations.
- Insights and lessons learned.