Contract Management Extension Certificate
Classroom and Online
As organizations today are entering into more – and increasingly complex – contracts, the need for contract managers and administrators to add tangible value to an organization’s contracting process is increasing. This contract management certificate program is designed to examine all major contracting activities, using a life cycle approach, enabling contract managers and administrators to add value throughout the contracting process.
Effective contract management means excelling at many different aspects of contracting, including: understanding the organizational needs that a contract must meet, knowing your supplier, executing effective negotiations, creating contracts and managing them throughout their term. Review the major phases of the contracting life cycle and develop a broad understanding of the context within which contracting activities take place.
This program is eligible towards Gold Seal Certification.
- Become proficient at initiating, negotiating, developing or managing contracts in a variety of organizations and industries
- Acquire a thorough understanding of contract management principles and techniques you can apply immediately
- Complete the 6 required courses (90 hours)
- Certifcate can be completed within 2 semesters up to a maximum of 5 years
- Evaluation is based on a combination of presentations, group work, quizzes and in-class discussions.
- All required course materials are distributed online. For more information on how to access your course materials, please click here.
|Required Courses |
|Contract Management Overview||CL+OL||CL+OL||CL+OL|
|Gathering Contract Requirements||OL||CL|
|Contract Development and Signing||CL||OL|
|Contract Management and Compliance||OL||CL|
|Best Practices in Contract Management||CL||OL|
|CL=Classroom-based. OL=Online (Choose one or the other for each course.) |
The above schedule is subject to change. Courses start on various dates within each semester.
|Fall schedule and registration available in June. Winter schedule and registration available in November. Spring/Summer schedule and registration available in March.|
Contract Management Overview
Delve into the contract management life cycle and learn about the critical components of outstanding contracts. Excellent as a review for seasoned practitioners or as an introduction for those just entering this growing profession. Upon completion you will be able to understand what contracts are, why they are utilized, and describe the stages of the contract life cycle and the activities within each phase. Students who have completed Contract Management Lifecycle XSCM 20008 are exempt from this course.
|Subject code: XCAD 10001||15 Hours. Fee: $499|
|CRN 30175 ||Online||Feb. 26-March 26|
Gathering Contract Requirements
Understanding your organization’s needs is vital to a successful contract. Apply the concepts from this course to ensure that every contract is built on the real business requirements and learn to maximize negotiations with clear variables for discussion. Upon completion you will be able to align contracts with the goals and objectives of the organization or department, identify and assess the impact of contract stakeholders, and create a contract requirements document.
|Subject code: XCAD 10002||15 Hours. Fee: $499||Choose 1 of the CRNs below|
|CRN 30205||2 classes||Feb. 23-24||8:30 a.m.-5 p.m.||Fri., Sat.|
Be prepared to maximize every negotiation opportunity by learning the practical skills to build a winning strategy. From outlining the variables to concluding discussions, this course gives you the tools for successful contract negotiations. Upon completion of this course you will be able to develop negotiation goals and objectives, understand the three components of the negotiations process, and document the outcome of negotiations to enable effective contract development.
|Subject code: XCAD 10003||15 Hours. Fee: $499||Choose 1 of the CRNs below|
|CRN 30186 ||Online||Jan. 29-Feb. 26|
|CRN 30206||2 classes||Feb. 9-10||8:30 a.m.-5 p.m.||Fri., Sat.|
Contract Development and Signing
Once negotiations wrap up, the important task of creating and managing your contract begins. Learn to document negotiation outcomes, understand common legal terms, get your contract signed and securely store new contracts where they can be easily referenced by stakeholders. Upon completion you will be able to understand the importance of contracts in business, define contract risks and identify risks that contracts create, and describe common contract structures.
|Subject code: XCAD 10004||15 Hours. Fee: $499||Choose 1 of the CRNs below|
|CRN 30172||Online||March 12-April 9|
Contract Management and Compliance
Make the most of your contracts with tips for choosing the best purchasing options, winning account payable strategies and proven scorecarding and reporting techniques. Use these tools ensure that contracts provide the long-term benefits your business needs. Upon completion you will be able to describe contract management activities, prepare for contract renewals and terminations, and understand the importance of strong supplier relationships.
|Subject code: XCAD 10005||15 Hours. Fee: $499||Choose 1 of the CRNs below|
|CRN 30305||2 classes||April 13-14||8:30 a.m.-5 p.m.||Fri., Sat.|
Best Practices in Contract Management
Using the skills and knowledge from the previous five courses you will review outcomes from each stage in the contract management life cycle through hands-on case studies. Examine real business situations, from a variety of industries, and put your contract management skills to the test.
Recommended: Previous 5 Contract Management courses before taking this class
|Subject code: XCAD 10006||15 Hours. Fee: $499||Next offered Winter 2018|
|CRN 30174||Online||March 26-April 23|
For information about the program:
403.440.6861 or 1.888.392.3655
Mount Royal University, 4825 Mount Royal Gate SW, Calgary AB T3E 6K6
Customize this program for your organization through our Corporate Training department.