The contract is a very important part of the business environment; it states the expectations of both parties and helps to resolve the negative issues. The contract management training course teaches the delegates how to manage the contract’s creation, execution, and analysis for maximizing the financial performance efficiently and effectively. An effective contract management system improves the performance of the company and reduces financial risk. The delegates will learn the different fundamental criteria of contract management and they will also learn the necessary skills and techniques required to execute better partnership among the partners
Learn about contract management terminology
Understand Key principles of contract management
Understand the importance of effective contract management
Understand contract lifecycle and stages of the contract management
Understand the subcontracting, developing strategic alliance, and outsourcing
Recognize legal risk and ethical issues associated with contracting and procurement
Recognize the role of contracting in the projects
Understand the scope of work, procedure, management, and agreement philosophy
Provide suitable resolution of disputes
Gain the necessary skills and techniques necessary to maintain better relationships with a partner
Learn the correct language to use and what obligations can be met
Negotiate, renegotiate and terminate contracts
This training program is essential for those who are working in small or large organizations, entrepreneurs, government, and commercial entities. People involved in managing contractual relationship comprising project managers, contract administrators, procurement managers, marketing managers, sales managers, managing directors
Definitions
Importance of contract
Relationships
Contract Life-cycle and stages of contract management
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