CTM100 - Contract Management Essentials

Course Description

Short Course | 24 hours | 2.4 CEUs | $2,795

An introduction to the program of study, providing the student with an overview of Contract Management philosophies, principles, processes and terminology. Particular attention will be paid to the phases of Contract Management: acquisition strategy, pre-award, contract award, post-award and contract closeout.

CTM100 is the first course in the Contract Management Professional Certificate. To complete the certificate students will also enroll in CTM200, CTM300, & CTM400. Click on each course link for more details and to add to cart.

Course Outline

• General Overview
  • Become familiar with the different steps of the contracting process for both buyers and sellers.
  • Become familiar with the different similarities and differences between project and contract managers.
  • Review the Uniform Contract Format.
  • Familiarize yourself with the Federal Acquisition Regulation and its role in government contracting.
• Building trust, managing expectations, and honoring commitments
  • Define basic contract terms and use them effectively.
  • List and define the five elements required to forma a contract: offer, acceptance, consideration, competent parties, and legality of purpose.
  • Identify similarities and difference between public, commercial and international contract processes.
  • Understand the parts of a solicitation and contract, to include the statement of work, schedule, inspection and acceptance, and contract clauses.
• Procurement and Contracting Methods
  • To define basic contract terms and use them effectively.
  • To display a working knowledge of how to use and interpret reference sources, such as the Federal Acquisition Regulation (FAR), Uniform Commercial Code (UCC), etc.
  • To list and define the five elements required to form a contract: offer, acceptance, consideration, competent parties, and legality of purpose.
  • To understand the parts of a solicitation and contract, to include the statement of work, schedule, inspection, acceptance and contract clauses.
• Contract pricing arrangements and the award phase of a contract
  • To define basic contract terms and use them effectively.
  • To list and define the five elements required for form a contract.
  • To describe the contract award process.
  • To understand the parts of a solicitation and contract, to include the statement of work, schedule, inspection and acceptance, and contract clauses.
  • To explain the uses of cost and pricing information.
• Post-award phase of a contract and the global CM - misconceptions and best practices
  • To define the basic contract terms and use them effectively.
  • To illustrate the contract process from identification of need to contract completion and closeout.
  • To display a working knowledge of ow to use and interpret reference sources, such as the FAR and UCC.
  • List and define the five elements required for form a contract.
  • Identify similarities and differences between public, commercial, and international contract processes.
  • Describe the contract award process.
  • Differentiate between the contract types, i.e., Fixed Price, Cost-Reimbursable, and Time-and-Materials.
  • Understand the parts of a solicitation and contract, to include the statement of work, schedule, inspection and acceptance, and contract clauses.
  • Explain the uses of cost and pricing information.
• Creating Value, Getting Results, and looking at CM Risk and Opportunities
  • Illustrate the contract process from identification of need to contract completion and closeout.
  • Display a working knowledge of how to use and interpret reference sources, such as the FAR and UCC.
  • List and define the five elements required for form a contract.
  • Identify similarities and differences between public, commercial and international contract processes.
  • Describe the contract award process.
  • Differentiate between the different contract types.
  • Understand the parts of a solicitation and contract.
  • Explain the uses of cost and pricing information.
• CM Maturity Model and Enterprise Systems and Tools
  • Define the basic contract terms and use them effectively.
  • Illustrate the contract process from identification of need to contract completion and closeout.
  • Display a working knowledge of resources, such as the FAR and UCC.
  • List and define the five elements required to form a contract.
  • Identify similarities and differences between public, commercial and international contract processes.
  • Describe the contract award process.
  • Understand the parts of a solicitation and contract.
  • Explain the uses of cost and pricing information.
  • Differentiate between the different contract types.
• Teaming Arrangements and subcontractor management to our CM knowledge portfolio
  • Explain the role of teaming arrangements and list the key elements of teaming agreements.
  • Unde
  • rstand the different types of partnerships, such as Joint Ventures, Limited Liability Companies, etc.
  • Describe Prime Contractor challenges and best practices.

Duration