Advanced Professional Certificate in Procurement Risk and Contract Management

The programme is available in 2 duration modes:

2 months (Standard mode)

1 month (Fast-track mode)

Online

In order to apply you should have either:

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.

1. Fundamentals of Procurement Risk Management: This unit introduces the concept of procurement risk management, including risk identification, assessment, and mitigation strategies. It covers topics such as risk analysis techniques, risk response planning, and implementing risk management processes.

2. Contract Management Principles: This unit focuses on the fundamentals of contract management, including contract types, elements of a contract, and contract administration. It covers topics such as contract negotiation, performance monitoring, contract changes, and dispute resolution.

3. Legal and Regulatory Framework: This unit explores the legal and regulatory aspects of procurement and contract management. It covers topics such as contract law, procurement regulations, ethical considerations, and compliance requirements.

4. Supplier Selection and Evaluation: This unit examines the process of supplier selection and evaluation, including criteria development, supplier qualification, and performance measurement. It covers topics such as supplier assessment methods, supplier relationship management, and supplier performance improvement.

5. Risk Mitigation Strategies: This unit delves into various strategies for mitigating procurement risks. It covers topics such as risk transfer, risk sharing, risk avoidance, and risk retention. It also explores the use of insurance, contingency planning, and contract provisions in risk management.

6. Contract Negotiation and Administration: This unit focuses on the skills and techniques required for effective contract negotiation and administration. It covers topics such as negotiation tactics, contract drafting, contract interpretation, and managing contract changes.

7. Contract Performance and Compliance: This unit explores the monitoring and management of contract performance, including performance measurement, reporting, and compliance tracking. It covers topics such as contract audits, performance metrics, and contract closeout processes.

8. Technology and Tools for Procurement and Contract Management: This unit examines the use of technology and software tools in procurement and contract management. It covers topics such as e-procurement systems, contract management software, and data analytics for procurement decision-making.

9. Ethical and Sustainable Procurement: This unit explores the importance of ethical and sustainable procurement practices. It covers topics such as supplier code of conduct, environmental considerations, social responsibility, and sustainable sourcing strategies.

10. Case Studies and Practical Applications: This unit provides real-world case studies and practical exercises to apply the knowledge and skills learned throughout the course. It allows students to analyze and solve procurement and contract management challenges in various industry contexts.

Assessment is via assignment submission

The fee for the programme is as follows:

1 month (Fast-track mode) - £140

2 months (Standard mode) - £90

Please find below available fee payment plans:

1 month (Fast-track mode) - Fee £140

• This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.