course | Mastering Contracts Management
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PMCM-357 | Mastering Contracts Management
Course Sector : Project & Contract Management
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-05-19 | 2025-05-23 | Dubai | $4,250 | Book now |
| 5 Days | 2025-08-25 | 2025-08-29 | Abu Dhabi | $4,250 | Book now |
Course Introduction
Mastering Contract Management
Mastering Contract Management is crucial for organizations to ensure that their agreements are legally sound, well-executed, and meet the agreed objectives. This course will help you gain the knowledge and skills necessary to manage contracts effectively, mitigate risks, and maintain compliance throughout the contract lifecycle.
Throughout this training, participants will learn how to create, negotiate, and monitor contracts, handle disputes, and ensure a smooth contract closeout process. By the end of this program, you will be equipped with strategies for managing contract risks, optimizing performance, and maintaining long-term business relationships. You will also gain
Training Course Methodology
Course objective
- Gain a solid understanding of the fundamentals of contract management, including key terms, types, and stages of a contract.
- Learn how to effectively create, negotiate, and draft contracts to meet organizational goals.
- Understand the importance of monitoring contract performance, managing changes, and handling disputes.
- Develop skills for identifying, assessing, and mitigating risks throughout the contract lifecycle.
- Master the process of contract closeout, ensuring compliance, and conducting post-contract reviews for future improvements.
Course Outline | Day 01
Introduction to Contract Management
- Overview of contract management
- Types of contracts (Fixed-price, Cost-reimbursable, Time and Materials)
- Key terms and clauses in contracts
- Roles and responsibilities in contract management
- Importance of legal compliance in contracts
- The lifecycle of a contract
- Common challenges in contract management
Course Outline | Day 02
Contract Creation and Negotiation
- Steps in contract creation
- Developing a contract strategy
- Key negotiation techniques
- Drafting effective contract terms
- Balancing risk and reward in contracts
- Legal considerations in contract formation
- Avoiding common pitfalls during negotiation
Course Outline | Day 03
Contract Performance and Monitoring
- Monitoring contract performance
- Managing deliverables and timelines
- Handling contract changes and amendments
- Performance metrics and KPIs for contracts
- Ensuring compliance with contract terms
- Addressing disputes and conflicts
- Best practices in performance monitoring
Course Outline | Day 04
Risk Management in Contracts
- Identifying and assessing contract risks
- Risk mitigation strategies
- Managing force majeure clauses
- Insurance and indemnity clauses
- Risk allocation in contracts
- Strategies for handling unforeseen events
- Case studies on contract risk management
Course Outline | Day 05
Contract Closeout and Compliance
- Steps for contract closeout
- Final deliverables and approvals
- Documenting lessons learned
- Post-contract compliance and audits
- Ensuring contract renewal or termination is managed properly
- Handling disputes during closeout
- Best practices for post-contract review
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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