8 Online Contract Management Certification Programmes
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Studying online is a convenient way to obtain certification as you can also work at the same time. You might pursue a contract management certification to develop your expertise if you work in an environment that processes a lot of legal contracts. Understanding online contract management certifications may help you determine the correct credentials to pursue and advance your career. In this article, we define online contract management certification programmes, provide examples and outline common topics in these online programmes.
What are online contract management certification programmes?
Online contract management certification programmes are credentials that verify your knowledge and skills to perform contract management responsibilities. For example, companies may rely on contract management professionals to create and manage legal agreements. Contract management certifications cover various topics. The courses take about four to six months, depending on the certification.
Online contract management certifications
The following are some online contract management certifications you may pursue to advance your career:
1. Contracts Management and Administration (FIDIC)
The contracts management and administration certification is a professional certificate from the International Federation of Consulting Engineers (FIDIC). It's a beginner-level course that explains the practical application of contract conditions in construction, plant design and building. The certification can also provide extensive work exercises and checking measures to help you understand how to manage contracts correctly.
You may use the certification to apply for jobs like assistant contract manager, contract associate and contract administrator. The certification exam is computer-based, and there are no prerequisites to join the course or advancement levels. There's a one-time registration fee for the certification and exam.
2. Certified Contracts Manager
The certified contracts manager certification is a professional designation from the Project Management Institute (PMI). It's a beginner-level course that lets participants identify definitions, principles and key steps in the contracting process. The course might also help you define ways to develop a scope of work and manage challenges. You also learn to identify different contract categories and how each may affect risk allocation strategies. Participants also learn to create criteria for inviting, receiving and evaluating tenders.
You may also learn about the different roles of a contract manager and identify some administration tools to use in management. The course may also cover techniques to avoid disputes and minimise confrontations during contract implementation. Also, learn how to identify and prevent causes of contract breach and how to use alternative dispute resolution measures. The certification may help you obtain a senior manager, contracts executive or contract manager role. You can receive a certificate after passing an exam, and there are no prerequisites for taking the course.
3. Certified International Commercial Contract Manager (CICCM)
The Certified International Commercial Contracts Manager (CICCM) is a designation from the International Purchasing and Supply Chain Management Institute (IPSCMI). It may be helpful to increase your knowledge and skills in commercial contracts management. The certification can demonstrate that you know how to practise contract management in international commercial deals.
After successfully passing the exam, you receive CICCM designation, which you can add to your title and name on letters or business cards. It may be like other designations in alternative fields, such as CPA in accounting. With this certification, you may work as a consultant international logistics manager and contracts manager. There are no prerequisites for enrolment, and the certificate is valid for five years.
4. Certified Professional Contracts Manager (CPCM)
The CPCM certification is a designation from the National Contract Management Association (NCMA). This credential shows that you meet the organisation's standards for training, education and experience in contract management competencies. The programming is available to contract management professionals working in small or large organisations and to entrepreneurs, government commercial entities or entrepreneurship. You learn all aspects of contract management from the tendering stage to the conclusion of a project, which might assist you when managing events and issues that arise.
You may require a bachelor's degree from a university with accommodation from the Distance Education Accreditation Council. The certificate fees depend on whether you're a member or a non-member, and the certification is valid for a lifetime. Professionals who may benefit from the programme include project managers, procurement managers, subcontractors, contract administrators and quality assurance personnel.
5. Certified Contract Management Practitioner (CCMP)
A Certified Contracts Management Practitioner (CCMP) is a designation from the International Association for Contract and Commercial Management (IACCM) for professionals hoping to advance their knowledge in contract and commercial management. It provides further expertise to the Contract and Commercial Management Associate (CCMA) course from the same provider. The CCMA course is a prerequisite for the CCM programme. Your CCMP certificate is valid for two years. It enables you to fulfil roles such as contracts manager, contract management professor and senior stakeholder.
6. Certificate in Contract Development, Negotiation and Management (CCDNM)
Certificate in Contract Development, Negotiation and Management (CCDNM) is a five-day course with a certificate covering the entire contracting process from setting objectives and prioritising them to effective contract negotiation, drafting and management. It also covers legal or technical aspects of creating a contract and incorporating cross-cultural considerations in international law. Professionals who complete the course understand key legal principles that guide contracts globally and know how they can utilise them to construct effective contract clauses to minimise risks and improve operational benefits.
The certification enables you to fulfil various job roles such as contract management, contract negotiator, procurement manager, commercial relationship manager, operations manager, risk and compliance manager and sales contracting professionals. There are no prerequisites, and the certification is valid for a lifetime with a one-time registration fee.
7. Primavera Contract Management Essentials
The Primavera Contract Management Essentials certificate is a designation that shows expertise in creating and implementing control solutions on a project. It covers administrative functions, change management, project configuration, contract information system setup and project information control and communication. The certification is valid for a lifetime and helps you fulfil roles such as contract specialist, contract administration manager and contract manager. You may require the Primavera Contract Management 14 certificate for acceptance to this course.
Read more: Management Skills: Definition and Examples
8. Commercial and Contract Management Certification
The Commercial and Contract Management (CCM) certification enables you to ensure safety, effectiveness, efficiency and compliance when managing commercial and contract activities. It helps you develop and maintain contract management systems, develop effective contract plans, negotiate with key stakeholders, develop and monitor key performance indicators and use commercial and contract management techniques, templates and tools. It may help you fulfil various roles, including contract managers, contract administrators, sales managers, technical managers, account managers, project managers, contract officers and commercial managers.
Contract management certifications curriculum
Every online contract management certification programme offers a unique curriculum. Some common topics include the following:
Contract negotiation: Contract management certifications prepare you to handle negotiations. They teach you multiple ways to successfully agree with another party on the terms of a contract.
Subcontracting: Contract management courses teach you the basics of subcontracting or outsourcing which may involve getting a third party to fulfil the responsibilities of a contract.
Contract formation: A contract management course prepares you for contract formation by covering the core legal components of a contract and teaching how you can draft an offer.
Business laws: A contract management certification trains you to be proficient in local and international business law. The courses cover topics such as contracts, sales and court procedures.
Government contracts: Contract management certification programmes cover the basics of government contract management, including proposal and evaluation processes.
Financial analysis: Contract management courses cover topics in other disciplines to prepare you for real-life scenarios. For example, they help you analyse an organisation's financial health and make contract decisions that may improve it.
International contracts: Some contract management programmes assist you in managing international contracts by teaching various aspects, including drafting agreements, creating letters of intent and defining payment terms.
Foundations of contract management: These programmes include the basics of contract management, analysing every step of a contract lifecycle from the pre-signature to post-signature stages.
Quality and risk management: Contract management programmes teach you the tools and procedures to protect clients or businesses from potential risks.
Please note that none of the companies, institutions or organisations mentioned in this article are affiliated with Indeed.
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