Contract Management and Monitoring during the Operations Phase

Details

This course offers an in-depth exploration into the post-award phase of contract management. Participants will gain the skills required to ensure that both contracting parties meet their obligations and that the project's objectives are accomplished as per the stipulated terms.

Target Group

Contract Managers, Project Managers, Operations Managers, Legal Professionals involved in contract execution, and anyone responsible for managing and monitoring contracts during their operations phase.

Target Group: Professionals engaged in contract negotiation, management, and monitoring, seeking to enhance their skills specifically for the operations phase.

Goals

• Understand the significance and challenges of the operations phase in contract management.
• Learn techniques to monitor contractual compliance and performance effectively.
• Enhance skills in managing contract variations and modifications during the operations phase.
• Develop effective communication strategies to liaise with stakeholders and ensure alignment.
• Acquire tools to identify, mitigate, and manage risks associated with contract execution.
• Understand the close-out processes, ensuring all deliverables and obligations are met.

Target Competencies

• Contractual compliance monitoring
• Stakeholder communication
• Risk identification and mitigation
• Contract variation management
• Contract close-out procedures

Outlines

Introduction to Operations Phase Contract Management

• Defining the operations phase in contract lifecycle
• Significance of the operations phase in the contract journey
• Key challenges and common pitfalls
• Setting clear objectives for operations phase contract management
• Understanding the roles and responsibilities of contract managers during operations

Monitoring Contractual Compliance and Performance

• Techniques for performance tracking and evaluation
• Ensuring adherence to contractual terms and conditions
• Performance benchmarks and key performance indicators (KPIs)
• Handling non-compliance and underperformance
• Utilizing technology for effective contract monitoring