Contract management and procurement professionals work in a variety of sectors, including government agencies, nonprofits and private companies. Training programs not only teach students and professionals the latest skills for managing the procurement cycle -- these programs also enhance their professional credentials. Students, procurement managers, project managers, engineers and quality assurance employees can obtain certification in procurement and contract management through universities and professional organizations around the U.S.
Contract management and procurement training teaches students up-to-date skills and information relevant to the contract management field. In addition to learning about the basic fundamentals of procurement and acquisition, trainees practice how to analyze risk, form contracts, build professional networks and navigate through federal government regulations. Obtaining formal training in contract management and procurement also helps students to conform to the professional standards and skill requirements set by the National Contract Management Association (see Resources).
Although the curriculum for contract management and procurement training varies from program to program, participants learn how to request supplier proposals; create a statement of work; review and analyze various contracts; assemble requests for proposals; and develop licensing agreements. Other topics covered in training programs include how to assess risk, handle disputes, protect proprietary information and implement best practices for working with partners, suppliers and customers.
Training courses vary depending on the format of the program and skill level of the students. Some procurement and contract management courses span from three to five days, depending on whether they involve in-classroom or online instruction. Other certificate programs — particularly those offered at universities and colleges — span a school semester.
Since training programs typically offer students certificates of completion rather than formal degrees, there are usually no formal requirements to enroll in a course. Besides course payment, some university programs require that students possess professional-level proficiency in English.
In addition to receiving a certificate demonstrating their core competencies in contract management and procurement, formal training provides students with a detailed overview on the commercial, government and international contracting process. Trainees learn about all aspects of contracts, including negotiation, financial analysis, subcontracting and execution. Some procurement and contract management training programs also provide continuing professional education (CPE) credit, job preparation and access to internship opportunities.
- Photo Credit Jupiterimages/BananaStock/Getty Images
What Is a Contract Manager?
A contract manager is one who negotiates the terms and conditions of a contract made between parties or organizations. The contract manager...
Procurement Manager Job Description
Procurement managers, also referred to as purchasing managers in many corporations, hold a vital position within the makeup of an organization. While...
Procurement: Terms & Definitions
Like other professions, procurement uses specific terminology as a way of expressing ideas in shorthand. Procurement and purchasing are often used as...
Job Description for Contracting & Procurement
Contracting and procurement managers, also known as purchasing or supply mangers, are responsible for purchasing products, supplies and services for businesses and...
Project Procurement & Contract Management
A company's leadership puts into place adequate and effective contract management and project procurement procedures to improve corporate operating activities in the...
Procurement & Contract Management Process
Business management is a compilation of activities and tasks that covers a variety of business processes. Two processes--often interrelated--are procurement and contract...
How to Find Free Procurement Training
Training on procurement (buying quality products and services at the best price) involves learning policies and procedures associated with ensuring fair competition...
The Seven Steps in the Procurement to Pay Process
Solo company operators have a flexibility in ordering and paying bills due to the single decision-maker involved in doing business, but firms...