This Contract Management: From Principles to Action training course has been specifically designed to develop the competency of contract management personnel in all sectors and industries by equipping them with the knowledge, skills and understanding to achieve contract management excellence in their field.
On this training course, you will learn about contract management techniques and principles to identify contract and project risks, solve contractual issues and problems, communicate effectively with stakeholders and other departments and develop your contract management skills. This training course is essential development for all contract management professionals or those individuals involved in any contractual scenario.
This Energy Training Centre training course will feature:
- Understanding the importance of contract management
- Analyzing contractual risks and problems and providing effective solutions
- Controlling contract management negotiations
- Classifying contract types
- Methods in achieving optimal contract management
- Developing contracts
By the end of this Contract Management: From Principles to Action training course, participants will be able to:
- Understand the important role and responsibilities of a contract professional
- Determine effective problem solving of complex contractual scenarios
- Identify and analyse contract risk
- Apply effective contract management techniques to improve contract performance
- Examine the optimal choice of contract structure
This Contract Management: From Principles to Action training course will utilise a variety of proven highly interactive adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes facilitated group and individual exercises, case studies and role-play. The instructor will also facilitate learning by encouraging the delegates to test and critically appraise any theories and concepts on the training course.
The benefits to the organization from delegates attending the GLOMACS "Contract Management from Principles to Action" training course include:
- Cultivating a strong awareness of contracting policies and their implementation
- Enhancing a broad skill set in contract negotiation, risk management, and dispute resolution
- Achieving better business outcomes through practical, hands-on training
- Uncovering innovative strategies and techniques vital for addressing modern business challenges
- Developing and confidently presenting proactive plans within teams, project management, departments, and at the Board level
- Promoting the use of effective strategies to address contract issues as they arise
Attending the Contract Management from Principles to Action training course will equip individuals with the ability to:
- Implement a wide range of strategic planning methods in the development and management of contract negotiation, drafting, implementation, and related issues
- Utilize enhanced business skills to drive success
- Improve their capacity for strategic decision-making in critical commercial activities
- Demonstrate how applying contract principles in risk management and responsive actions serves as a valuable corporate investment
- Employ various techniques and approaches to work effectively through dispute resolution strategies
- Apply newly acquired skills in the workplace, gaining expertise and knowledge that sets them apart from others
This Contract Management: From Principles to Action training course is suitable to a wide range of professionals but will greatly benefit the following individuals:
- Contract Professionals
- Contract Administrators
- Projects & Process Engineers / Managers
- Contract Engineers
Day One: Understanding Contract Management Principles
- Contract Formation
- Identifying Contractual Risk
- Assessing Contractual Risk
- Contract Risk Responses
- General Terms and Conditions
Day Two: Drafting Contracts
- Traditional Contract Structures
- Collaboration
- Innovative Contract Structures
- Structuring Payments
- Integrating Sustainability and ESG Principles into Contracts
Day Three: Mastering Contracts Management Principles
- Assessing Liability issues
- Understanding Force Majeure
- Examining the Effect of Variations on Time and Cost
- Exploring Liquidated Damages
- Addressing Cybersecurity Risks in Contract
Day Four: Contract Management in Action
- Mastering Resolving Contract Issues
- Understanding the Contract Position
- Dealing with the Practical Consequences
- Learning How to Become an Effective Contract Negotiator
- Exploring How to deal with Difficult Contract Situations
- Leveraging Technology and Automation in Contract Management
Day Five: Dealing with Contractual Disputes
- How Disputes can arise?
- Understand the Effects of Termination
- Exploring How to Deal with Disputes
- Traditional Dispute Resolution
- Modern Dispute Resolution
