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Introduction Key Learning Outcomes Training Methodology Organisational Impact Outline

Introduction

Contracts play a critical role in delivering projects, services, and strategic business objectives. However, the value of a contract is realised not at the point of award but through effective management during execution, performance monitoring, and close-out. Poor contract management can lead to delays, cost overruns, disputes, and reduced organisational value.

The Advanced Contract Management training course provides participants with a practical framework for managing contracts in complex project and commercial environments. Building upon existing contract and project management knowledge, the training course explores advanced approaches to post-award management, contract performance improvement, stakeholder engagement, risk mitigation, and change control.

Participants will gain practical tools and proven techniques to strengthen contract governance, manage challenges proactively, and maximise the benefits derived from contractual relationships while reducing exposure to commercial and operational risks.

Key focus areas include:

Advanced contract management practices and governance principles
Effective post-award contract administration and performance monitoring
Managing contract risks, changes, and commercial challenges
Developing stakeholder, communication, and negotiation capabilities
Handling claims, disputes, and contractual non-performance issues
Maximising value and benefits throughout the contract lifecycle

Key Learning Outcomes

At the end of this Advanced Contract Management training course, participants will be able to:

Apply advanced contract management techniques to improve contract outcomes
Develop effective post-award management plans and governance processes
Manage contract performance, scope changes, delays, and cost growth issues
Identify, assess, and mitigate contract-related risks throughout execution
Handle claims, disputes, and commercial challenges effectively
Apply negotiation, communication, and stakeholder management skills to contractual situations
Manage contract closeout, transition, and handover activities successfully
Improve collaboration between project and contract management functions
Maximise organisational value and benefits from contractual arrangements

Training Methodology

This training course combines expert instruction with practical exercises, case studies, worked examples, and collaborative discussions. Participants engage in realistic contract management scenarios designed to strengthen their ability to apply advanced contract management techniques, solve complex contractual problems, and improve performance in real-world environments.

Who Should Attend?

This Advanced Contract Management training course is designed for:

Contract Holders and Contract Owners
Contract and Procurement Professionals
Project Managers and Project Team Members
Project Management Office (PMO) Personnel
Commercial and Contract Administration Professionals
Assurance and Quality Management Staff
Professionals responsible for managing contract performance and delivery

Course Outline

Day 1

Introduction and Review of Basic Principles

Why contract management?
Benefits of doing it right and problems with doing it wrong
Overview of overall contracts & procurement cycle
Relationship to project management
Developing effective procurement strategies
Common contract types – pros, cons, and risks
Key roles and responsibilities

Day 2

Post Award Management

Preparation for contract post award phase
Handover from contract award
Process overview, including inputs and outputs
- Initiation stage
- Planning stage
- Delivery stage
Change management
Risk management

Day 3

Contract Closeout

Closeout process overview, including inputs and outputs
Contract closure
Handover and transition
Operations and support
Handling premature close

Day 4

Key Management Skills

Relationship and stakeholder management
Communication
Performance management
Negotiation
Conflict management
Leadership
Documentation and record keeping

Day 5

Encountering and Solving Problems

Common issues and risks, and how to deal with them
Disputes
Claims
Completion, sign off and payment problems
Recap of material
Reference Material
Things you can do when you return to your desk

International Standards & Professional Alignment

Our training courses are aligned with internationally recognised professional standards and frameworks across leadership, strategy, finance, governance, risk, compliance, and audit. By integrating globally trusted models, we ensure learners develop practical, relevant, and industry-recognised capabilities.

Our trainings draw on leading international standards and professional frameworks, including ISO, ISACA, COSO, OECD, IIA, FATF, Basel, IFRS/ISSB, GRI, NIST, CPD, ILM and the OECD AI Principles. This alignment ensures consistency with global best practices across financial management, risk oversight, digital governance, sustainability, and strategic decision-making..

Designed in alignment with globally recognised professional bodies, our courses support continuous professional development, strengthen organisational capability, and provide clear pathways toward professional certifications valued worldwide.