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Advanced Contract Management
Overview:
Introduction:
This training program offers participants an in-depth knowledge and advanced skills essential for managing complex contracts effectively. It empowers them to confidently handle complex contractual challenges and achieve successful outcomes.
Program Objectives:
At the end of this program, participants will be able to:
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Master advanced principles and practices of contract management.
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Develop skills for handling complex contracts and mitigating risks.
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Learn techniques for advanced contract negotiation and drafting.
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Gain insights into contract performance monitoring and compliance.
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Enhance capabilities in dispute resolution and contract closeout.
Targeted Audience:
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Senior Contract Managers.
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Procurement Specialists.
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Legal Professionals.
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Project Managers.
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Business Executives.
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Contract Administrators.
Program Outline:
Unit 1:
Advanced Principles of Contract Management:
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Deep dive into advanced contract management concepts.
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Roles and responsibilities of senior contract managers.
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Strategic importance of contract management.
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Key elements of complex contracts.
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Analysis of advanced contract management scenarios.
Unit 2:
Complex Contract Negotiation and Drafting:
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Negotiation techniques for complex contracts.
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Drafting clear and enforceable contract terms.
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Addressing contracting parties' needs and interests.
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Key clauses in complex contracts.
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Hands-on contract negotiation exercises.
Unit 3:
Risk Management in Complex Contracts:
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Identifying and assessing contractual risks.
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Strategies for mitigating risks.
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Developing risk management plans.
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Ensuring legal and regulatory compliance.
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Real-world risk management case studies.
Unit 4:
Contract Performance Monitoring and Compliance:
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Monitoring and evaluating contract performance.
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Ensuring adherence to contract terms.
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Managing deviations and corrective actions.
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Key performance indicators in contract management.
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Discussions on performance monitoring.
Unit 5:
Dispute Resolution and Contract Closeout:
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Dispute resolution mechanisms.
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Strategies for conflict resolution in contracts.
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Effective contract closeout procedures.
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Post-contract reviews and lessons learned.
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Case studies on dispute resolution and closeout.