What is Contract Management?
What is Contract Management?
For many organizations who contract out, our out-source any of their activities, contract success is not achieved when the contract is awarded. In many respects the contract award stage is the easier element of the process – the real challenge is then how you manage the contract after its award. Contract management training is therefore an essential investment for all organizations who contract out or outsource.
Contract Management Skills incorporate a wide range of contractual understanding – contract managers need to fully understand the purpose, scope, contract operations and contract objective, but also need to be skilled in contract relationships and project management. Other elements encompass the Business Ethics and how to measure contractor performance.
It is very clear that millions of US$ are lost to businesses every year directly as a result of poor contract management. The consequences of issues such as contract over-runs and quality deficiencies can be devastating to the contract budget.
Contract Managers must have the practical skills to be effective in downstream contract management – practical means management techniques that actually work and are not just about the theory!
CP Training Services have been helping organizations all over the globe to develop best practice contract management through its contract and vendor management training courses.
One of the more popular course is the Practical Contract Management – Getting the Results Course which runs in London. Our next course is scheduled for 5 – 9 November 2012.
Can you afford not to check this out?
For our full range of contract management courses visit: http://www.cp-training-consortium.co.uk/contracting-and-procurement-training-courses-category-1
Remember, making contracts work can be a dream if managed correctly, but it doesn’t just happen. So we need to proactively manage the contractor and the contract, whatever the working environment.
http://www.cp-training-consortium.co.uk/
