:: DEFINE | Management Consultancy & Training Provider In UAE, Abu Dhabi,Dubai,Saudi Arabia ::

CONTRACT MANAGEMENT: FROM PRINCIPLES TO ACTION

Location

Dubai, UAE

Date

From Date: 22-Sep-2025
To Date: 26-Sep-2025

Duration

5 days

Language

ENGLISH

Discipline

PROJECT MANAGEMENT & CONTRACT MANAGEMENT

Introduction

his course covers the essentials of contract management, focusing on both theoretical principles and practical applications. Participants will learn about:

Key Principles of Contract Management: Understanding clarity, legality, mutual benefit, fairness, and risk management in contracts.
Contract Lifecycle: Exploring the stages of contract management, from creation and negotiation to execution, performance monitoring, and closure.
Actionable Strategies: Implementing best practices like centralized repositories, risk management, performance tracking, and compliance.
Technology and Tools: Using modern software solutions for contract lifecycle management (CLM), e-signatures, and contract analytics.
Best Practices: Fostering collaboration, automation, and consistency in contract management to enhance efficiency and reduce risks.

Objective

By the end of the course, participants will be able to:

Understand the key principles of effective contract management.
Learn to manage contracts throughout their lifecycle, from creation to execution and closure.
Develop skills to implement best practices for performance monitoring and compliance.
Gain proficiency in using technology and tools for contract management automation.
Apply strategies for managing risks and ensuring mutual benefit in contracts.

Audience

Contract Managers
Legal Professionals
Procurement and Supply Chain Managers
Project Managers
Finance and Compliance Officers
Business Executives and Consultants

Content

Day 1: Introduction and Contract Lifecycle Overview

Importance of contract management in business
Key principles of effective contract management
Stages of the contract lifecycle: creation, execution, and closure

Day 2: Contract Creation and Negotiation

Pre-contract phase: Planning, drafting, and negotiation
Understanding terms, conditions, and obligations
Strategies for effective contract negotiation

Day 3: Execution and Performance Monitoring

Signing and implementing contracts
Tracking performance: KPIs and Service Level Agreements (SLAs)
Monitoring compliance and managing obligations

Day 4: Technology in Contract Management

Introduction to Contract Lifecycle Management (CLM) software
E-signature tools and digital contracts
Using analytics for performance and risk assessment

Day 5: Risk Mitigation, Dispute Resolution, and Closing

Risk management strategies and contract clauses
Dispute resolution mechanisms and best practices
Finalizing and closing contracts, including amendments and renewals

NOTE:

Pre & Post Tests will be conducted.

Case Studies, Group Exercises, Group Discussions, Last Day Review & Assessments will

be carried out.

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Certificate

Define Management Consultancy & Training Certificate of course completion will be issued to all attendees.

Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences. Tests of the multiple-choice type will be made available on a daily basis to examine the effectiveness of delivering the course.

All presentations are made in excellent colorful power point. Very useful Course Materials will be given.

30% Lectures
30% Workshops and work presentation
20% Group Work& Practical Exercises
20% Videos& General Discussions

Course Details