Initiate

Throughout this course you will explore the critical considerations and activities that take place in the Initiate phase of contract and commercial management.

The Initiate phase is when you create the foundations for success in the contracting lifecycle. You’ll consider buy versus manufacture decisions, cost analysis techniques and the roles and responsibilities in contracts and commercial management.

In this course, you will explore:

Pre- and post-award contract management tasks

The role and importance of requirements definition

The foundations of cost-benefit analysis and financial decision-making

Inputs to the sourcing decision including models that can be employed to deliver a contract

How to undertake a terms audit

How to identify costs associated with a contract

Benefits
Online, self-paced
CPD

Gain a foundational understanding of critical pre-contract activities, enabling you to set up successful contract outcomes from the very beginning.

Learn to make informed decisions on sourcing and cost analysis.

The course consists of a combination of short videos, knowledge checks, case studies, and a final assessment.

To complete this course, you must score 80% to pass the assessment

The course is intended to take approximately 10 hours to complete, and is accessible anytime, anywhere. You will have six months to complete the course.

Participants earn a Certificate of Completion and 14 points toward World Commerce & Contracting Continuing Professional Development.

Back to CCM Courses

Member
(10 hours / 14 CPD)

495

US$ per course

Non-member
(10 hours / 14 CPD)

595

US$ per course