Contract Management for Beginners

Hey, I'm Daniel Barnes and I wanted to introduce myself formally to you. After this lecture, you will know me a lot more and have the confidence that I know what I'm talking about - which means I can guide you through this topic.

In this lecture, I'm going to give you some pointers on how to get the most out of this course. You need to follow the guidance here and never be afraid to pause a video lecture take notes or even skip back to re-listen.

In this lecture, we cover the basics of what Contract Management is and what a Contract is (in plain English). After this lecture, you will understand what Contract Management is.

In this lecture, we start to cover the benefits of contract management and how it can help prevent scope creap. After this lecture, you will understand what scope creep is and some basic methods from preventing it.

In this lecture, we discuss how you monitor supplier performance throughout the life of a contract. After this lecture, you will understand why effective contract management is essential to ensure that your suppliers perform their contractual obligations. 

In this lecture, we discuss why it is important to get supplier and contract data throughout the contract management process. After this lecture, you will understand why data is fundamental to contract management and strategic business decision making.

Contract management is an important tool for ensuring your contracts and the supplier is complying with relevant laws and regulations that are in place. After this lecture, you will understand the importance of looking externally to the contract to ensure legislative compliance.

In this lecture, you will discover the importance of supplier relationships and the benefits they bring to your business when promoted through effective contract management.

In this lecture, we cover off what you are going to learn in this section of the course with a focus on Pre-Signature Contract Management.

In this lecture, we're going to introduce Pre-Signature Contract Management. After this lecture, you'll have a good understanding of what Pre-Signature Contrac Management is.

In this lecture, we cover Learning from Experience. After this course, you will know what Learning from Experience is, why it's beneficial and you'll have the knowledge to use this in your Organisation.

In this lecture, we're going to cover why you need a Contract Strategy and how this can set you up for success.

In this lecture, we're going to cover one of the most crucial Procurement stages and that is the requirements stage. We're approaching this from the perspective of Contract Management and highlighting the importance of getting this stage right.

We're going to briefly cover why you need to ensure you contribute to Risk & Issue Management in the Pre-Signature phase of Contract Management.

In this lecture, we cover the Contract Management Plan. After this lecture, you will know what a Contract Management Plan is and why it is an important tool.

Time to put all of that learning to use.

Answer every question the best you can. Use your notes and all the resources you have available to you if you need to.

This is a recap covering what you have learned regarding Pre-Signature Contract Management.

In this Lecture, we cover what is Post-Signature Contract Management. After this lecture, you will understand why it is so important to have Post-Signature Contract Management within your Organisation.

Contract Administration covers a lot of individual activities and we're going to cover some of the most important ones.

This lecture covers Contract Amendments and you'll understand why this is an important Post-Signature Contract Management Activity.

This lecture covers the need to track key business decisions to ensure that you are in the know and can provide feedback to your Organisation regarding any routes to market and existing contracts.

This lecture covers one of the most important Contract Administration activities. You will learn why it is important to properly match supplier deliverables against the contracted requirement.

In this lecture, you will learn why it is important to collect and analyse supplier and contract data. You will be able to apply this activity within your Organisation for better results and clearer data.

In this lecture, we briefly cover an overlooked element which is invoicing and payments from the contract management perspective.

A recap of all of the contract administration activities that forms part of the wider Post-Signature Contract Management Activities.

In this lecture, you will learn the importance of Supplier Performance management. After this lecture, you will understand the need for Key Performance Indicators and other methods to incentivise the Supplier to perform the contract.

In this lecture, we briefly re-visit Risk Management and why it still needs to be considered at this stage of the Contract Management Process.

In this lecture, we cover off a topic that is often neglect throughout the contract management lifecycle. You will learn why it is important to consider Contract Exit and you will be able to apply these ideas in your Organisation.

In this lecture, we come full circle and cover the need to implement LFE at the end of the contract.

In this lecture, we briefly re-cap what you have learned and we introduce the final assignment.

This is the super awesome bonus lecture where we help you with some additional places to go learn even more in this area.