Contract Tracking & Management

Once a contract has been finalized, it’s legally binding. That doesn’t mean you don’t need to track and manage it, though. You need to make sure the contract obligations are being fulfilled. And you need to make sure the methods you use to manage your contracts are up to scratch. It’s a lot like managing an employee. You wouldn’t leave their performance up to chance. You need to actively manage your contracts, too.

Tracking and managing contracts will help you make sure you’re on track to achieve organizational outcomes. It’s the follow-up to all the work done creating a contract that works for everyone. It’ll even help you build better relationships with contractors and partners, as you’ll be able to provide transparent updates.

By the end of this course, you’ll be able to:

• Understand the importance of being proactive rather than reactive when managing contracts
• Describe how to track obligations and amendments
• Explain how to carry out a contract management audit

Why take this course?

Everyone involved in executing contracts needs to know how to track them and review the processes used to manage them. This course will give you the basics, so you can make sure contracts stay on track and that outcomes are achievable.

15 mins | SCORM | Takeaway Tasks