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8-Week Course
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8 Continuing Education Units
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80 Military Clock Hours

About the Course

Advanced Contract Management covers topics such as negotiation, earned value management, subcontract management and advanced contract formation. Students can learn and explain important terminology, facts, concepts, principles and theories used in the acquisition management field. The students can be prepared to apply the important terminology, facts, concepts, principles and theories in the field of contract management and to analyze simple to moderately complex factual acquisition management situations to applying the major concepts and theories of the psychology of bargaining and negotiation to real world issues.

Many Certified Professional Contract Manager (CPCM) candidates are often challenged by business competencies that are typically seen in several industries, including government, within the contract management process.

This course will provide in-depth analysis and discussion on these business topics while offering a certification preparation section featuring hundreds of test-prep questions for the CFCM, CCCM, and CPCM exams.

Advanced Contract Management helps prepare students to sit for the Certified Federal Contract Manager (CFCM), Certified Commercial Contract Manager (CCCM) or Certified Professional Contract Manager (CPCM) Certification.

Prerequisites for this course:

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Curriculum
8 Week Course
Week 1
The Contract Management Framework
  • Explain the contract management framework
  • Discuss business requirements
  • Discuss special knowledge areas of contracting
Week 2
Contract Management Body of Knowledge (CMBOK) Overview
  • Discuss contract management body of knowledge structure
  • Explain leadership competency in contracting
Week 3
Management Competency
  • Describe various management competency methods
  • Explain supply chain management
Week 4
Guiding Principles Competency
  • Describe the regulatory compliance
  • Explain the government’s standards of conduct and contract principles
  • Discuss team dynamics in contracting
Week 5
Pre-Award Life Cycle Phase
  • Describe the pre-award process
  • Discuss how a solicitation is developed
  • Explain the seven steps to performance-bases acquisitions
Week 6
Award Life Cycle Phase
  • Describe the award process
  • Discuss contract negotiations
  • Explain how to manage legal conformity
Week 7
Post-Award Life Cycle Phase
  • Describe the post-award process
  • Explain administrating a contract
  • The relationship between prime contractor and subcontract
Week 8
Learning Competency and the CMBOK Lexicon
  • Discuss the continuous learning options such as training, certification and various other educational opportunities
  • Discuss the CMBOK lexicon
Learning Objectives
Skills Learned
Agile Marketing Leadership Negotiation Business Strategy Financial Planning Performance Management Conflict Resolution
What You’ll Study

Proposal Preparation

  • Marketing and Business Goals
  • Pricing and Return on Investment
  • Negotiation Objectives and Priorities
  • Award Types

Supply Chain

  • Strategic Sourcing
  • Bidding Documents
  • Performance Measurement
  • Dispute Resolution

Pre Award

  • FAR
  • Explanation of Source Selection Plans
  • Evaluation Factors
  • Dispute Resolution

Post Award

  • Performance Analysis
  • Cost Monitoring

Subcontracts

  • Trouble Spots on Team Agreements
  • Subcontract Proposal Preparation
  • Post Awards in Subcontracting

Miscellaneous

  • Agile Methodology
  • Leadership Importance
  • Financial Awareness
  • Industry Certification

Operations Management

  • Earned Value Management Requirements
  • Role of Operations Management
  • Collaborative Planning
  • Forecasting
  • Value Chain Model
Related Certificate Programs

Contract Management Certificate

24 Weeks
3 Courses
$5,883+

Prepare to effectively manage contracts in the private and public sectors.

Certification Prep Certification Available

Tuition & Payment

Total Course Cost

$2,495

Course offerings and associated prices are subject to change without prior notice. Pricing for multi-course certificate programs varies depending on course selection. View the Professional Education Catalog for more information on the courses and programs.

 

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