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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

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.

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Member
(10 hours / 14 CPD)
495
US$ per course
Non-member
(10 hours / 14 CPD)
595
US$ per course