Contract Management for Beginners

Course Description:
This introductory course provides a comprehensive overview of contract management, offering practical knowledge on handling contract-related activities before and after signatures. Participants will gain a solid understanding of contract management fundamentals, explore strategies to streamline contract processes, and learn how to apply effective contract management techniques within their organisations. Designed for beginners, this course ensures that participants can confidently approach both pre-signature and post-signature activities, creating better outcomes in Organisational agreements.

Course Syllabus:

Module 1: Introduction to Contract Management

• Overview of Contract Management
  Definition and importance in modern organizations.
• Key Phases in the Contract Lifecycle
  Examining the stages of a contract from inception to closure.
• Roles and Responsibilities in Contract Management
  Understanding the role of contract managers and related stakeholders.

Module 2: Understanding Pre-Signature Contract Management

• Pre-Signature Contract Management
  Exploring the critical activities before signing a contract.
• Identifying Contract Objectives and Requirements
  Clarifying goals, stakeholder needs, and aligning with Organisational priorities.
• Drafting and Reviewing Contracts
  Understanding the basics of contract language and terms.
• Negotiation Techniques
  Applying negotiation strategies to meet Organisational needs.

Module 3: Applying Pre-Signature Contract Management Activities

• Approval Processes and Compliance Checks
  Ensuring contracts align with internal policies and legal standards.
• Risk Assessment and Mitigation
  Identifying potential contract risks and mitigation techniques.
• Documentation and Record Keeping
  Establishing efficient documentation practices for transparency and accountability.

Module 4: Understanding Post-Signature Contract Management

• Post-Signature Contract Management
  Overview of activities required after a contract is signed.
• Contract Execution and Obligations
  Monitoring compliance and performance to meet contractual obligations.
• Managing Modifications and Amendments
  Understanding when and how to make adjustments to active contracts.

Module 5: Applying Post-Signature Contract Management Activities

• Performance Monitoring and Evaluation
  Tracking and evaluating contract performance and outcomes.
• Issue Resolution and Conflict Management
  Techniques for handling disputes and ensuring positive outcomes.
• Closure and Renewal Procedures
  Steps for successfully closing or renewing contracts.

Module 6: Best Practices and Tools in Contract Management

• Technological Tools for Contract Management
  Exploring software and tools that streamline contract management.
• Compliance and Ethical Standards
  Ensuring practices align with ethical and compliance standards.
• Developing a Contract Management Plan
  Creating a simple, effective contract management strategy for your organisation.