Contract management is the process of managing contracts from vendors, partners, customers, or employees. It supports the entire customer lifecycle which covers any process that contributes, creates or utilizes contract data. Contract management can be an asset, or a liability, depending on how digital and integrated your process is.
The business world is changing. New ways of driving revenue are forcing companies to re-imagine the way they manage the customer lifecycle — making contract management more important than ever before.
Contract Management Certificate Program focuses on core competencies recognized by the Chartered Institute of Contract, Project and Facility Management. Coursework addresses the most up-to-date information available in the procurement and contracting fields – whether commercial, government or international. Students will develop a solid understanding of the contracting process and key elements of procurement and acquisition, including contract formation, negotiation, financial analysis and risk management. Students will also explore new business areas such as global outsourcing, international contracting, doing business with the federal government and building strategic alliances.
- Developed by Chartered Contract Management Professionals/Experts
- Accredited by Chartered Institute of Contract Project and Facility Management
- Accredited by Chartered Institute of Contract Project and Facility Management
- Fully online course and assessment with no time limits
- Minimum of 4 Hours Study/ Reading Per Day
- Minimum Duration: 10 Weeks
- Course Fee: $250 USD
Who Should Take This Contract Management Course?
This course is suitable for people in every workplace and of any skill level. Contract managers exist in all environments, on both large and small scales, and this course aims to provide a comprehensive introduction to those wishing to develop their contract management skills.
- Those working in large or small organizations, government and commercial entities, or as entrepreneurs
- Contract administrators, subcontractors, procurement managers, project managers, quality assurance personnel, and others looking to advance their career
- Engineering, law, business, paralegal professionals and others wishing to enter this field
The course is particularly useful to those who are new to contract management or who wish to refresh their skills, although no prerequisites are required.
Certification and Accreditation
All of our courses are accredited by the Chartered Institute of Contract, Project and Facility Management Certification as conforming to universally accepted Continuous Professional Development (CPD) guidelines. The courses offered by the College are unique as they take a very “hands on” approach. Our courses are not designed to teach you just the “theory” behind the industry – they are written and tutored by industry professionals and will fast-track you into a new career of your choice.
Sample Certificate (click to view)
How Does This Online Training Work?
Once you register for your course of study, you’ll receive a log-in and password for the online page. When you log-in, you’ll have access to the practice examination, study pack or pdf materials and other resources.
After you’ve gone through these materials and feel ready to take the examination, you can schedule yourself for the online examination.
Course Structure
The course is divided into seven accessible, interactive modules and includes an assessment at the end:
- Contract Management Overview: –What is a contract? What is contract management? Key definitions. What does a contract manager do? Benefits of contract management and why contract fail.
- Contract Management Lifecycle
- Gathering Contract Requirements
- Negotiating Contracts
- Contract Development and Signing
- Contract Management and Compliance
- Best Practices in Contract Management
Aims of the Contract Management Training
By the end of this course learners will:
- Become proficient at initiating, negotiating, developing or managing contracts in a variety of organizations and industries
- Acquire a thorough understanding of contract management principles and techniques you can apply immediately
- Gain an understanding of the contract life cycle, subcontracting, outsourcing, developing strategic alliances, negotiation, financial analysis, and implementation
- Explore the components and processes of commercial and government contracting
- Expand your awareness of the legal, risk, and ethical issues related to contracting and procurement
- Understand and explain the foundational competencies and subject matter competencies.
- Courses may qualify for employer tuition reimbursement programs
Assessment /Online Examinations
The online assessment is taken on completion of the training material. You will be asked 50 multiple choice questions with a pass mark of 60%. The answers are marked automatically so you will instantly know whether you have passed. If you don’t pass don’t worry! You can take the test as many times as you need with no extra charge.
Whether you are a student on our platform or not we encourage you to email your enquires to our friendly team if you need help with anything at info@nhbschool.com
[product id=”1220″]