Contract Management

The course is based on Contract Management Best Practices and helps you acquire skills to manage vendors
effectively.

It is a highly recommended training for individuals and organizations.

Training Options Enquire Now
ACCREDITED BY

This course is accredited by the Project Management Institute, Inc. as a PDU Program.

DURATION & CREDITS

Hours: 15
PDUs: 15 Business Acumen
Course Identifier: PMAC3016

DELIVERY

Online Instructor-led (15 hours)
Classroom (2 day)

PMAC is a Project Management Institute (PMI) Authorized Training Partner..

Contract Management Course Overview

The course aims to provide you with the comprehensive knowledge and skills necessary to manage the creation, implementation and successful closure of contracts to maximise business performance and minimise risk effectively.

It enables you to build better relationships and reduce financial risk in an organisation.

The overall goal of the course is to provide knowledge to manage contracts in a global environment.

This course awards Contract Management Certificate.

At the end of this program, you will be able to:

  • Explain overall project procurement process from a buyer and seller perspective
  • Perform Make-or-Buy Analysis and Design Bid Documents
  • Recognize the importance of key contractual terms and how they affect projects
  • Conduct proposal evaluation
  • Perform contract negotiation
  • Evaluate and contribute to the pre-contract documents and processes
  • Identify and mitigate common pitfalls throughout the procurement process
  • Utilize techniques to manage contracts
  • Demonstrate professional contract closure
Upcoming Classes
Sat 5th Jul 2025 – Sun 6th Jul 2025

(2 days Weekends, 9:00 to 17:00 IST)

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Sat 16th Aug 2025 – Sun 17th Aug 2025

(2 days Weekends, 9:00 to 17:00 IST)

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Sat 20th Sep 2025 – Sun 21th Sep 2025

(2 days Weekends, 9:00 to 17:00 IST)

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    Course Syllabus

    Module 1: Foundation Concepts
    • The Importance of Contract Management
    • Terms and Definitions
    • Contract Management Process
    • Legal Systems
    • Codes of Conduct
    Module 2: Planning
    • Business Analysis
    • Procurement Management Plan
    • Procurement Statement of Work (SOW)
    • Common Pitfalls
    Module 3: Solicit Contract
    • Market Analysis
    • Bid documents
    • Sellers’ Proposals
    • Pitfalls
    Module 4: Execute Contract
    • Evaluate and Award Contract
    • Negotiate Contract
    • Execute Contract
    • Common Pitfalls
    Module 5: Deliver the Contract
    • Preparing to Deliver
    • Project Plan
    • Risk Management
    • Common Pitfalls
    Module 6: Administer Contract
    • Enabling Contract Management
    • Contract Performance Monitoring and Control
    • Change Management
    • Financial Management / Payment
    • Dispute Management & Resolution
    • Contract Completion and Closure

    Who Should Attend

    The Contract Management Course is suitable for individuals or teams who are seeking formal, globally recognized skills and capabilities in managing contracts. It is beneficial for:

    • Procurement Managers
    • Project Managers
    • Contract managers
    • Sales managers
    • Proposal managers
    • Supply Chain Professionals
    • Legal and Compliance Professionals
    • Risk Managers
    • Vendor and Supplier Relationship Managers
    • Program Managers
    • Portfolio Managers
    • All other professionals who have a role in the contracting cycle

    Training Options

    Online Instructor-led
    • Experience live, interactive learning with The PMAC’s Online Instructor-led Course.
    • Engage directly with expert instructors and peers just like in a classroom session.
    • Enjoy the quality of interaction and engaging delivery.
    Enroll
    Onsite
    • Fulfill your training requirements with The PMAC’s In-house/Onsite Course at your premises.
    • Avail expertise of leading practitioners for professional development of your teams.
    • Request an appointment to tailor delivery to your needs.
    Contact

    Course Reviews

    Why Choose Us

    Renowned experts

    Leading practitioners who bring current best practices and case studies to the sessions.

    Experiential Learning

    Student activities with simulations and roleplays for highly engaging experience.

    Career growth

    Cutting-edge curriculum designed to develop those skills which are in high demand these days.

    Live classes

    Class with a live instructor and other delegates to help you communicate with your trainer and peers.

    FAQs

    Is this course right for me?

    The Contract Management Course is designed for professionals seeking to master the skills involved in Contract Management processes and gain a recognition in the field. This course is essential for individuals involved in procurement, vendor management, legal, project management, and program management roles.

    Attending this course enables you to approach wider your job prospects – equipped with new competencies to successfully manage procurements and timely deliveries.

    Do I gain practical skills?

    Yes, you do gain practical skills to conduct market analysis, design bids, evaluate vendors, award and administer contracts. The course is delivered by the leading practitioners who bring real life examples, current best practices, and case studies to the sessions. This workshop involves multiple student activities, simulations, and hands-on exercises.

    How does my organization benefit from this course?

    For organisations, this training ensures that their employees are proficient in contract management best practices, leading to improved vendor management, reduced risks, on time and within budget deliveries.

    The skills acquired from this course help people excel at their jobs and lets them contribute to the successful completion of the projects and programs through efficient contract management.

    Can I get some more understanding?

    Yes, for additional information, write to us at info@pmacconsulting.com

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    Disclaimer:

    “PMI”, the PMI logo, “ATP”, “ATP logo”, “the PMI® Authorized Training Partner seal”, “PMP”, “PMI-ACP”, “PMI-RMP,” “PgMP,”“PfMP”, and “CAPM”, “(PMI-CP)”, “PMI-PMOCP”, “PMI-PBA”, “CPMAI”, and “PMBOK” are registered marks of Project Management Institute, Inc.