Contract Management Business

Contract management strategies, Establishing contract management structures, Essentials of government contracts etc.

What you'll learn

Establishing contract management structures

Developing effective contract management strategy

Contract management to drive business value

Contract management in constrction

Essentials of government contract management keys to success

Contract management best practices

Strategies for effective contract management

Requirements

No special requirement

Description

    Contract management is the process of managing legally-binding agreements from initiation through to execution. Contract management activities include creation and negotiation, contract execution, contract compliance monitoring and renewal or close out.  We must understand clearly that, how your business manages its contract- from the systems it uses to how teams work together- will ultimately influence its levels of visibility, control and compliance. The strength of these pillars will determine your business's overall success- so your people, processes and technology need to be built with this in mind. Contract management is vital because how you handle your agreements end-to end will influence the outcomes of the agreements. Building standardized and collaborative contract management processes throughout your organization is vital because it gets all stakeholders working in the same way. Your business can expect to achieve its negotiated outcomes time and time again- as well as find opportunities to strengthen its position.    Understanding the request phase during the contract stages is very important because stakeholders involved initiates the contract process. This is the first stage of the contract life cycle, which allows suppliers, customers, and partners to gather the essential details associated with any contract, amendment, renewal etc. Some software products allow teams to establish contract request forms that ensure all data is captured in a centralized place, which allows stakeholders to review and approve all the information requested in one single place.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 What is contract management

Lecture 3 Contract management versus contract administration

Lecture 4 Contract management activities

Lecture 5 Contract compliance / governance

Lecture 6 Managerial functions

Lecture 7 What is contract management software

Lecture 8 Contract management best practices

Lecture 9 Reason why contract management is critical to your business

Lecture 10 Challenges in contract management and how to overcome them

Lecture 11 Strategies for effective contract management

Lecture 12 Contract management as a service

Section 2: Developing An Effective contract Strategy

Lecture 13 What is a contract management strategy

Lecture 14 Evaluate your organization contract management needs

Lecture 15 Identify key stakeholders to establish clear communication

Lecture 16 Establish a central repository for contract document with easy access

Lecture 17 Identify and mitigate risk to avoid hefty cost

Lecture 18 Ensure continuous evaluation and improvement

Section 3: Establishing Contract Management Structures

Lecture 19 Designating a PPP contract managers and management roles

Lecture 20 Roles of other entities in contract management

Lecture 21 Communication and contract management protocols

Lecture 22 Regulations by contract

Section 4: Contract Management To drive Business Value

Lecture 23 Introduction

Lecture 24 Create a contract repository

Lecture 25 Harness contract intelligence

Lecture 26 Standardize the contract creation process

Lecture 27 Configure contract approval workflows

Lecture 28 Enable better collaboration

Lecture 29 Optimize vendors and suppliers

Section 5: Essentials Of Government Contract Management Key To Success

Lecture 30 Essentials of government contract management

Lecture 31 Modernize your contract management

Section 6: Contract Management In Constraction

Lecture 32 What is contract management in construction

Lecture 33 Why is contract management important in construction

Lecture 34 Common contracts in construction project

Lecture 35 Contract management process in construction

Lecture 36 The role of contract management in construction

Section 7: The Stages Of A Contract Management Process

Lecture 37 Stages of contract management process

Employees, managers, contractors, procurement officers, CEO, directors, company, corporations, businessmen, students, governments, lawyers, consultants, general public, accountants, finance ministries etc.