Contract Management Including Memorandum of Understanding

Project managers, contract managers and other professionals involved in the world of contracts must be able to work effectively together and with customers, contractors and subcontractors to accomplish key organizational objectives.

Because contracts are developed in an increasingly complex environment, including the rising use of contracted supplies and services throughout government and industry, a solid understanding of the contracting process is critical and can give you an advantage whether you are on the buyer’s or seller’s side.

Effective contract negotiation and administration can ensure project success, speed performance, and reduce risks and costs along the way. The training will, also, delve into Memoranda of Agreement (MOU).

This is a document that you create at the tail end of your negotiation in order to capture what the agreement is that has been reached based on how both parties currently see it.

Get an overview of all phases of contracting, from requirements development to closeout. See how incentive can be used to improve contract results.

This course explores these vital issues from the manager’s perspective, highlighting key roles and responsibilities to give you greater influence over how work is performed.

Participants will also discuss actions that can be taken to help ensure that contractors or subcontractors perform as required under the contract.

The short course in Contract Management is ideal if you seek to acquire the necessary practical skills in effectively managing and administrating contracts for goods and services.

Contract management refers to the process of systematically and efficiently managing contract creation, execution and analysis for the purpose of maximising financial and operational performance while minimising risk.

Whether it is through great interpersonal and negotiation skills, or the ability to establish and maintain powerful business relationships, this course will equip you with an in-depth understanding of the industry and business in which you operate as contract or business manage