MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 4.55 GB | Duration: 2h 24m
Contract management strategies, Establishing contract management structures, Essentials of government contracts etc.
What you'll learn
Establishing contract management structures
Developing effective contract management strategy
Contract management to drive business value
Contract management in constrction
Essentials of government contract management keys to success
Contract management best practices
Strategies for effective contract management
Requirements
No special requirement
Description
Contract management is the process of managing legally-binding agreements from initiation through to execution. Contract management activities include creation and negotiation, contract execution, contract compliance monitoring and renewal or close out. We must understand clearly that, how your business manages its contract- from the systems it uses to how teams work together- will ultimately influence its levels of visibility, control and compliance. The strength of these pillars will determine your business's overall success- so your people, processes and technology need to be built with this in mind. Contract management is vital because how you handle your agreements end-to end will influence the outcomes of the agreements. Building standardized and collaborative contract management processes throughout your organization is vital because it gets all stakeholders working in the same way. Your business can expect to achieve its negotiated outcomes time and time again- as well as find opportunities to strengthen its position. Understanding the request phase during the contract stages is very important because stakeholders involved initiates the contract process. This is the first stage of the contract life cycle, which allows suppliers, customers, and partners to gather the essential details associated with any contract, amendment, renewal etc. Some software products allow teams to establish contract request forms that ensure all data is captured in a centralized place, which allows stakeholders to review and approve all the information requested in one single place.
