Contract Management Certification Training Overview

Contract Management Course Outline

Module 1: Role and Value of Procurement Contracts

  • Definitions
  • Relationships
  • Importance

Module 2: Creation of a Procurement Contract

  • Agreement
  • Consideration
  • Intent

Module 3: People and Authority

  • Principles
  • Agent
  • Third Parties
  • Privacy

Module 4: Legal Concepts of Procurement Contract

  • Framework
  • Key Components

Module 5: Procurement Contract Construction

  • Essential Clauses
  • Misrepresentation 
  • Breach
  • Damages 
  • Exemption Clauses

Module 6: Managing the Procurement Contract

  • Vitiation
  • Mistakes
  • Mispresentation
  • Discharging a Contract

Module 7: Procurement Contract in Context

  • Strategy
  • Process
  • Methods
  • Tendering Process
  • Evaluation

Module 8: Procurement Strategy

  • Principles
  • Risk
  • Costing Models
  • Supply Chains
  • Intellectual Property Rights

Module 9: Solicitation

  • Planning
  • Source Selection
  • Administration
  • Documentation 
  • Closure

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Who should attend this Contract Management Training Course?

The Contract Management Course is designed for professionals seeking to master the intricacies of Contract Management processes and gain a recognised certification in the field. This course is essential for individuals involved in procurement, vendor management, legal, and project management roles. The following professionals will benefit from this training:

  • Contract Managers
  • Project Managers
  • Legal Counsel and In-house Counsel
  • Purchasing Managers
  • Risk Managers
  • Vendor and Supplier Relationship Managers
  • Compliance Officers

Prerequisites of the Contract Management Training Course

There are no formal prerequisites for this Contract Management Course. However, a basic understanding of the Contract Management process can be beneficial for the delegates.

 

Contract Management Training Course Overview

Contract Management is a crucial aspect of modern business operations, involving the effective management of contracts to maximise operational and financial performance and minimise risk. This discipline is increasingly relevant in today's fast-paced business environment, where contracts govern a significant portion of business transactions and partnerships.

Understanding Contract Management is vital for professionals who deal with contracts regularly, such as Project Managers, Procurement Officers, and Legal Advisors. Mastery of this subject ensures that contractual obligations are met effectively, risks are managed efficiently, and the organisation’s interests are safeguarded, making it an essential skill set in various business sectors.

The Knowledge Academy's 2-day Contract Management Course is designed to equip delegates with practical skills and knowledge for effective Contract Management. Through this course, participants will learn key principles, techniques, and best practices for managing contracts, ensuring they can handle real-world challenges confidently.

Course Objectives

  • To understand the fundamentals of Contract Management and its impact on business operations
  • To recognise the stages of the contract lifecycle from initiation to conclusion and beyond
  • To develop skills for negotiating contracts that align with organisational goals and compliance standards
  • To identify common pitfalls in Contract Management and strategies to avoid them
  • To gain insight into the legal principles that underpin contract management and enforcement
  • To enhance decision-making abilities regarding contract variations and dispute resolutions

Upon completion of this course, delegates will not only have refined their skills in managing contracts but also gained an invaluable edge in the competitive business landscape, ensuring they can contribute to their organisation’s success with confidence and expertise.

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What’s included in this Contract Management Training Course?

  • Contract Management Examination
  • World-Class Training Sessions from Experienced Instructors
  • Contract Management Certificate
  • Digital Delegate Pack

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Contract Management Certification Training Exam Information

To achieve the Contract Management Certification Training, candidates will need to sit for an examination. The exam format is as follows: 

  • Question Type: Multiple Choice 
  • Total Questions: 30 
  • Total Marks: 30 Marks 
  • Pass Mark: 50%, or 15/30 Marks 
  • Duration: 60 Minutes  

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Why choose us

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Contract Management Certification Training. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Contract Management Certification Training, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

What our customers are saying

Contract Management Certification Training FAQs

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The training fees for certification in the United States starts from $2295
The Knowledge Academy is the Leading global training provider for .
Please see our courses available in the United States
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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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