Organizations are under pressure to respond rapidly to change, meet customer needs and maximize resources. Project Managers help organizations meet these challenges by establishing consistent, repeatable methodologies that reduce risk, cut waste and provide a competitive advantage.

Contract Management Principles and Practices teaches you how to manage all aspects of project procurement effectively. You will discover the logic behind contracting principles and practices, and you'll learn the terms, techniques, and tools of converting project needs into outsourced goods and services.

You will learn to ensure successful procurement by gaining an understanding of the roles, responsibilities, and expectations of the internal and external stakeholders involved in the procurement chain.

In this skills-building course, you will spend 70% of class time working on contracting activities, from requirements documentation through to contract closure. Exercises include the development of a procurement strategy, contract selection, revising and updating SOWs, risk management, negotiating claims settlement, and collection of lessons learned.

Training follows the Guide to the Project Management Body of Knowledge (PMBOK® Guide), by the Project Management Institute, and is taught by experienced PMP®-certified instructors. Offered in partnership with Global Knowledge.

Contract Management Principles and Practices can be taken individually or as part of the Associate Certificate in Project Management as offered by UNBC Continuing Studies.

This course qualifies you for the following PMI® Professional Development Units (PDUs):

• Leadership = 7
• Strategic and Business Management = 7
• Technical Project Management = 7
• Total = 21