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.

Homepage

https://www.udemy.com/course/contract-management-business/