Contract Management From Principles to Action

Course Introduction

The Contract Management from Principles to Action training course is thoughtfully developed to strengthen the capabilities of professionals involved in contract management across various sectors. It provides participants with essential knowledge, practical tools, and critical insights needed to excel in managing contracts effectively within their organisations.

Through this Oxford Management Centre training course, participants will gain a comprehensive understanding of contract management methodologies, enabling them to identify and manage risks, resolve contractual challenges, engage stakeholders with clarity, and enhance overall contract performance. It serves as a vital resource for professionals responsible for handling contracts or operating in roles where contractual knowledge is essential.

Key focus areas of this Contract Management from Principles to Action training course include:

• Recognising the strategic significance of contract management
• Identifying and addressing contractual risks with practical solutions
• Managing contract negotiations efficiently
• Understanding various contract classifications and their applications
• Implementing best practices for effective contract execution
• Enhancing the structure and clarity of contractual agreements

Objectives

By the conclusion of the Contract Management from Principles to Action training course, participants will be able to:

• Gain a clear understanding of the key roles and responsibilities associated with contract management
• Approach complex contractual situations with effective problem-solving strategies
• Identify and assess potential risks within contract frameworks
• Utilise proven contract management practices to enhance performance and outcomes
• Evaluate and select the most suitable contract structures for various project needs

Training Methodology

This Contract Management 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 Oxford Management Centre training course 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

Organisational Impact

The organisational benefits of enrolling team members in the Contract Management from Principles to Action training course include:

• Establishing a deeper awareness of contracting policies and their practical application
• Strengthening key competencies in contract negotiation, risk assessment, and conflict resolution
• Driving improved business outcomes through real-world, practical learning
• Discovering innovative strategies and approaches to effectively navigate contemporary business challenges
• Enabling the development and presentation of forward-thinking plans across teams, project leaders, departments, and executive management
• Enhancing the organisation’s ability to respond swiftly and effectively to emerging contract-related issues

Personal Impact

Participation in the Contract Management from Principles to Action training course will empower individuals to:

• Apply strategic planning methods to enhance their capabilities in contract negotiation, drafting, execution, and overall management
• Strengthen their business acumen to support contract-related functions
• Make well-informed strategic decisions within a critical area of commercial operations
• Illustrate how applying contract principles to risk management and proactive responses contributes to long-term organisational value
• Utilise a variety of techniques to navigate and resolve disputes effectively
• Transfer newly acquired knowledge into practical workplace improvements, developing specialised skills that set them apart in the field

Who Should Attend?

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

Course Outline

Day 1

Understanding Contract Management Principles

Day 2

Drafting Contracts

Day 3

Mastering Contract Management Principles

Day 4

Contract Management in Action

Day 5

Dealing with Contractual Disputes