Contract Management – Delivering Values to Business – DC08

The 4-half day online training addresses the delivery of value to business and bottom-line improvement through Contract Management. The participants will be going through a step by step journey focused on key deliverable that align to Company business needs and plans. The interactive workshop style program is designed to bring participants to understand, involve, create, innovate and lead in identifying opportunities, build relationship, manage stakeholders, deliver value and continuous improvement in managing contracts and procurement activities.

Participants will take away invaluable experience with a broader view of delivering values and bottom-line improvement of business is the fundamental objective of Contract Management. An added value of this program is to expose the participants to leaderships in managing stakeholders, communication, collaboration, thinking out of the box, influencing and problem solving skills.

Learning Objectives

Participants will take away invaluable experience with a broader view of delivering values and bottom-line improvement of business is the fundamental objective of Contract Management. An added value of this program is to expose the participants to leaderships in managing stakeholders, communication, collaboration, thinking out of the box, influencing and problem solving skills.

What Will Your Learn?

  • Identify and understand your company business goals and objectives
  • Assess demand and supply of your business and the market in general
  • Develop and select the most optimum contracting and procurement strategy
  • To implement contract for success and deliver your company objectives
  • Execute and manage contract post award
  • To use appropriate tools to maximize value for your contracts and to build contract management action plan
  • To foster relationship with key stakeholders and suppliers

Course Methodology

  • Interactive Lectures
  • Group Dynamics
  • Workshop style
  • Case studies
  • Q&A
  • Procurement Manager
  • Sourcing Executive
  • Buyer
  • Contract Manager
  • Contract Administrator
  • Project Manager
  • Project Engineer
  • Finance and Administration Staff

Assess Demand & Supply

  • Determine Business Needs
  • Establish Clear Roles and Responsibilities for Key Personnel
  • Assess Market Conditions
  • Profile Current and Potential Suppliers
  • Identify Value Opportunities

Develop & Select Strategy

  • Develop Cost Profile/Model and Identify Opportunities
  • Develop Value Initiatives
  • Develop Category and Sourcing Strategy
  • Conduct Peer Review
  • Management Endorsement of Sourcing Strategy

Source & Award

  • Manage Sourcing Process
  • Evaluate and Award Contract
  • Sign Contract

Implement Contract

  • Communicate Contract Details and Create Alignment
  • Localize Contract
  • Operationalize Contract
  • Re-confirm Clear Roles and Responsibilities for Key Personnel
  • Conduct Contract Kick-off Meeting and Develop Contract Management Plan

Execute & Manage Contract

  • Commence Contract Operations and Manage Contract Execution
  • Manage and Optimize Contract Performance
  • Maximize Value Delivery and Continuous Improvement
  • Manage Contract Changes and Dispute/Claims
  • Closeout Contract
Online - Zoom 20 Jul 2020 - 23 Jul 2020
Member Price MYR1440
Non-Member MYR1440
Grouping Member Price MYR1320
Grouping Non-Member MYR1320
Online - Zoom 14 Dec 2020 - 17 Dec 2020
Member Price MYR1440
Non-Member MYR1440
Grouping Member Price MYR1320
Grouping Non-Member MYR1320