Strategic Contract Management
This course delves into the crucial aspects of strategic contract management, emphasizing the significance of data in driving informed decisions throughout the contract lifecycle.
- Course Schedule
Classroom Sessions:
| Date | Venue | Price |
|---|
05 - 09 Aug 2025
Dubai - UAE
$ 5,950
08 - 12 Apr 2025
London - UK
$ 5,950
01 - 05 Jan 2025
Dubai - UAE
$ 5,950
- Course Description
INTRODUCTION
This course delves into the crucial aspects of strategic contract management, emphasizing the significance of data in driving informed decisions throughout the contract lifecycle. Participants will explore methodologies for effective contract creation, execution, and management while leveraging data to enhance contract performance and mitigate risks.
WHY IT MATTERS
Data forms the backbone of strategic contract management. This section underscores the importance of data in contract decision-making, risk assessment, performance evaluation, and identifying opportunities for improvement. Participants will understand how data-driven insights facilitate proactive contract management and contribute to achieving strategic objectives.
OBJECTIVES
- Develop a comprehensive understanding of contract lifecycle management.
- Learn to utilize data for effective contract drafting, negotiation, and evaluation.
- Enhance skills in mitigating risks, optimizing contract performance, and fostering strategic relationships through data-driven contract management.
WHO SHOULD ATTEND ?
This course is suitable for:
- Contract managers and professionals involved in contract administration and negotiation.
- Procurement and supply chain professionals seeking to optimize contract performance.
- Legal professionals engaged in contract drafting and review.
- Anyone interested in mastering strategic contract management practices with a focus on leveraging data for better outcomes.
- Course Outline
DAY 1
Fundamentals of Contract Management
- Introduction to contract management principles
- Overview of the contract lifecycle stages
- Understanding the role of data in contract management
DAY 2
Driven Contract Drafting and Negotiation
- Utilizing data in contract drafting for clarity and specificity
- Negotiation strategies supported by data-driven insights
- Case studies and role-plays on data-centric negotiation scenarios
DAY 3
Risk Assessment and Mitigation Strategies*
- Identifying and evaluating contract-related risks using data
- Developing risk mitigation plans and strategies
- Practical exercises on risk assessment using real-world cases
DAY 4
Performance Measurement and Optimization*
- Utilizing data to measure contract performance against predefined KPIs
- Analyzing contract data to optimize performance and value
- Implementing changes and improvements based on data insights
DAY 5
Strategic Relationship Management and Data Utilization*
- Leveraging data to foster strategic relationships with stakeholders
- Group discussions on using data for long-term contract planning and adaptability
- Final case study presentations and Q&A session
- Options & Brochure