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Contract Management

Autumn Super Sale! | Level 5 Endorsed by The Quality Licence Scheme | 150 CPD Point| 24/7 expert support | Exam Included


Academy for Health & Fitness

Summary

Price
Save 97%
£10 inc VAT (was £415)
Offer ends 21 September 2021
Study method
Online, self-paced
Duration
500 hours
Access to content
365 days
Qualification
No formal qualification
CPD
150 CPD hours / points
Achievement
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

84 students purchased this course

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Overview

***LIMITED TIME OFFER***

Prepare yourself for the job you dream of! Enrol thisLevel 5 Contract Management course endorsed by The Quality Licence Scheme and accredited by CPD & IAO (with 150 CPD points) to make your skill development and career progression related to Contract Management substantial and easier than ever!

This Contract Management Course Level 5 is the only guide you need for learning the essential topics thoroughly and acquire the necessary skills for a special discounted price. With only 500 hours of training towards your certificate and course materials designed by industry experts, any of your dreams in professional life can be turned into a reality.

Our exclusive Contract Management Course Level 5 follows an advanced curriculum with topics broken down into a total of 11 scaled-down modules for your ease of self-paced learning. These modules will assist you in grasping the basics and leading you to the steps of getting a comprehensive understanding of all aspects of the Contract Management Course Level 5. The course materials designed by experts are easily accessible 24/7 by your smartphones, laptops, PCs, tablets etc. In addition, our expert instructors are available on weekdays to listen to any of your queries via email and help you achieve your goals.

Finally, you will be eligible for a certificate endorsed by The Quality Licence Scheme, which will fast-track your career and showcase your expertise on this topic to excel in your professional life.

Key Topics to Be Covered by Contract Management

  • Classification of contracts
  • Different stages of the contract lifecycle
  • Elements and importance of successful contract management
  • Case studies on contract management
  • KPIs for evaluating contract management processes with example
  • The future and challenge of contract management
  • The basic principles of English Contract Law
  • Career opportunities: 4 reasons to choose a career in contract management
  • The 10 steps of Contract Risk Management
  • Supplier Relationship Management

Learning Outcomes of Contract Management

  • Learn the roles and responsibilities of a Contract Manager.
  • Explore the benefits of successful contract management.
  • Uncover what can go wrong in contract management and why.
  • Get familiarised with the basic terminologies and contents of a contract.
  • Learn what a contract review is and get the standard contract review checklist.
  • Discover the different factors to consider in an effective contract management plan.
  • Explore the types of risks in contract management.
  • Learn about the 5 essential negotiating skills.
  • Find out how to deal with changes in the contract.

Skills You Will Gain

  • Contract Management
  • HR Management
  • Project Management
  • Budgeting
  • Purchase Management
  • Commercial Management
  • Legislative Skill
  • Administrative Skill
  • Negotiation
  • Risk Management

Achievement

CPD

150 CPD hours / points
Accredited by CPD QS

Course media

Description

Every business runs on some commitments; commitments to the employees, to the suppliers, to the shareholders, and the clients. Most of these commitments are bound by a contract. The complete responsibility of managing such commitments, from the creation to the execution stage, and analysing the overall performance, is called contract management.

To perform such responsibility with effectiveness, you must have a proper understanding of the contract lifecycle. Therefore, the Contract Management Course is designed to educate you on the fundamentals of contract management and the roles and responsibilities of a contract manager.

In this course, you will learn about the contract management process, the legal view and the different aspects of contractual obligations. Furthermore, you will explore the importance of ensuring quality, evaluating and managing risk factors, and other negotiation techniques of contract management.

Upon completion, you will have a thorough understanding of the contract management process and gain insight into the career opportunities to fast-track your career as a Contract Manager.

Why Prefer this Contract Management Course?

  • Opportunity to earn a certificate endorsed by the Quality Licence Scheme and another certificate accredited by CPD & IAO.
  • StudentID card with amazing discounts — completely for FREE! (£10 postal charges will be applicable for international delivery)
  • Globally accepted standard structured lesson planning.
  • Innovative and engaging content and activities
  • Assessments that measure higher-level thinking and skills
  • Complete the Contract Management program in your own time, at your own pace
  • Each of our students gets full tutor support on weekdays (Monday to Friday)

****Course Curriculum****

Here is the curriculum breakdown of the Contract Management Course-

****Contract Management****

Module 01: Introduction to Contract Management

  • What is Contract Management?
  • Aim of Contract Management
  • Elements of Successful Contract Management
  • Importance of Contract Management
  • What Can Go Wrong, and Why?

Module 02: Contract Lifecycle - Understanding the Stages

  • Stages of Contract Management
  • The Contract Management Lifecycle
  • Contract Management Activities
  • Service Delivery Management
  • Relationship Management
  • Contract Administration

Module 03: Contract Manager’s Roles, Responsibilities & Career Opportunities

  • What is A Contract Manager?
  • Contracts Manager Work Roles
  • What Qualifications Needed to Become A Contract Manager?
  • What Skills/Experience Will An Employer Look For?
  • What Salary can be Expected?
  • Four Reasons to Choose a Career in Contract Management

Module 04: Principles of English Contract Law

  • Formation of a Contract:
  • Contents of a Contract
  • Express Terms
  • Implied Terms
  • The End of a Contract

Module 05: Classification of Contracts

  • Introduction
  • Fixed Price (Lump Sum)
  • Unit Price
  • Cost Plus
  • Incentive
  • Retainer (Time and Material )
  • Percentage of Construction Fee
  • Conclusion

Module 06: Case Study on Contract Management

  • Study: Building a Partnership
  • Objectives
  • How it Worked Out in The Early Stages
  • Communication
  • The Pace of Change in E-Business
  • Efficiency
  • Benchmarking
  • Re-competition

Module 07: Contract Management Plan & Efficiency

  • The Essentials for Successful Contract Management
  • Contract Management Plan
  • Effective Contract Management
  • Factor 1 – Managing service delivery
  • Factor 2 – Managing relationships
  • Factor 3 – Managing contract administration

Module 08: Risks, Disputes & Supplier Relation in Contract Management

  • Risk in Contract Management
  • Types of risk
  • Steps of Contract Risk Management
  • Supplier Relationship Management
  • Benefits of Effective Relationships
  • Resolving Disputes
  • Mediation
  • Arbitration
  • Litigation

Module 09: Negotiation, Variation & Changes in Contract Management

  • Contract Management: You Get What You Negotiate
  • Five Key Negotiating Techniques
  • Honesty and Good Faith in Negotiation
  • Dealing With Change
  • Effects of Change
  • Contract Variations: Making the Changes Right
  • Types of Variations
  • Managing Claims

Module 10: Contract Management Process Evaluation & KPI

  • KPIs for Evaluating Your Contract Management Processes
  • Examples of Contract Management KPIs
  • Contract Risk
  • Value of Contracts Under Active Management
  • Time to Signature
  • Contract Administration Time
  • Renewals
  • Contract Milestones
  • Contract Consistency and Language

Module 11: Contract Review, Challenges and Future

  • Contract Review and Risk Management
  • The Meaning of Contract Review
  • Contract Review Checklist
  • Contract Closeout
  • Challenges in Contract Management
  • The Future of Contract Management

Assessment Process

Once you have completed all the modules in the Contract Management course, your skills and knowledge will be tested with an automated multiple-choice assessment. You will then receive instant results to let you know if you have successfully passed the Contract Management course.

You’ll also be provided with an assignment for further assessing your newly-gained knowledge & skills which is optional to submit.

Show off Your New Skills With a Certification of Completion

Endorsed Certificate of Achievement from the Quality Licence Scheme

After successfully completing the Contract Management course, you can order an original hardcopy certificate of achievement endorsed by the Quality Licence Scheme. The certificate will be home-delivered, with a pricing scheme of —

  • 119 GBP inside the UK
  • 129 GBP (including postal fees) for international delivery

Certification Accredited by CPD & IAO

Upon finishing the Contract Management course, you will receive an accredited certification recognised all over the UK and internationally. The pricing schemes are —

  • 10 GBP for Digital Certificate
  • 29 GBP for Printed HardCopy Certificate inside the UK
  • 39 GBP for Printed HardCopy Certificate outside the UK (international delivery)

Who is this course for?

Is This Contract Management Course Right for You?

The Contract Management course is perfect for anyone interested in a career in finance, purchasing, or HR management, as well as law practitioners who want to gain expertise in contract management.
This comprehensive guide is also great for practising professionals who acquired some practical knowledge but lack theoretical understanding and require attestation of their skills. The CPD Accredited Certification will boost your resume to help you stand out to prospective employers.
There are no specific requirements to enrol in this course and help you learn at your schedule; the course is fully accessible from any internet-enabled smart device.

Requirements

The Contract Management program does not require any prior knowledge; everyone may participate! This Contract Management course is open to anyone who is interested in learning from anywhere in the world.

Every student must be over the age of 16 and have a passion for learning and literacy.

This 100% online course can be accessed from any internet-connected device, such as a computer, tablet, or smartphone. This Contract Management course allows you to study at your own speed while earning a universally industry-recognized skillset.

Career path

If you’re looking to establish or advance your business management career potential, you can take a significant step to your success by gaining knowledge and expertise in Contract Management. With the support and proper guidance, you will learn the skills and knowledge that will help sharpen your career at;

  • Contractor
  • Communication Manager
  • CS Manager
  • HR Official
  • Project Manager
  • Purchase Executive

Questions and answers

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.