The 3 Phases of Contract Management

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This course breaks down the contract lifecycle into three critical phases—pre-award, award, and post-award—equipping participants with the skills to manage contracts from start to finish effectively.

Objectives

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

• Understand the full lifecycle of contract management.
• Draft, negotiate, and execute contracts efficiently.
• Monitor contract performance and manage compliance.
• Resolve disputes and close contracts successfully.

Who Should Attend?

• Contract managers and legal professionals
• Procurement and supply chain specialists
• Project managers and business owners
• Anyone involved in contract administration

Course Outline

Day 1: Pre-Award Phase

• Needs assessment and defining contract requirements
• Drafting and preparing contract documents
  Day 2: Award Phase
• Negotiation strategies and contract execution
• Legal considerations during contract signing
  Day 3: Post-Award Phase
• Monitoring contract performance and compliance
• Managing contract amendments and disputes
  Day 4: Contract Closure and Review
• Closing contracts and post-contract evaluation
• Lessons learned and continuous improvement
  Day 5: Practical Case Studies
• Real-world scenarios in contract management
• Group exercises on managing the contract lifecycle