Master Contract Manager ™

The Master Contract Manager ™ (MCM) is a gold-standard certification awarded by the Global Academy of Finance and Management ®. Earning this designation demonstrates that you have the relevant skills and experience in writing up contracts related to the purchase or sale of goods or services, tracking those contracts through the contract management lifecycle, and focusing on optimizing contracts with their employer’s best interests in mind.

It forms the basis of the assessment that applicants must pass to gain the Master Contract Manager status certified by The GAFM Global Academy of Finance and Management ®.

Skills and Abilities of a Great Contract Manager

Contract managers who excel in their field succeed thanks to an ideal blend of interpersonal and technical skills.

Interpersonal skills are social skills that are utilized in the workplace to communicate information and work effectively as a team. Contract managers must liaise with a host of people to create contracts that serve the needs of their companies. Although aspects of contract creation are very technical, many contract details need to be shared with others, and this is why good communication and collaboration skills are essential. They also need to have strong negotiation skills.

Whether a contract manager is presenting contract details to shareholders or connecting with a vendor or client, the contract manager must be:

  • Polite
  • Professional
  • Committed to building and maintaining strong and positive relationships

Technical skills are also essential. Contract managers need an in-depth understanding of how to create contracts and how to add the right elements to support the employer’s best interests. These technical skills are applied to creating contracts that ensure the timely and affordable delivery of items or services. A contract manager must also understand the risk factors inherent in contracts and use technical skills to mitigate those risks. Some risks may be financial, while other risks may relate to a company’s operations.

To mitigate risks, contract managers need to understand:

  • Practices and internal policies of the companies they work for
  • External regulations and laws

A contract manager also needs to be tech savvy in terms of using hardware and software to create and manage contracts. These days, there are automated platforms for contract creation and management, and contract managers may need to know how to use one or more of these platforms.

Contract managers oversee contracts that their employers are involved with, so they must have in-depth knowledge of contract features. A contract manager needs to understand the advantages and pitfalls of contracts and be familiar with a plethora of contract details. Here are some of their typical duties and responsibilities:

  • Create, analyze, negotiate, and execute an array of contracts for various transactions
  • Build and maintain relationships with vendors, clients, and other business connections
  • Maintain contract-related documents and correspondence
  • Present contract information to relevant parties, such as stakeholders
  • Troubleshoot contract-related problems, such as breach of contract
  • Keep track of contracts and extend, renew, or close them out
  • Assist with the employer’s compliance with mandatory standards
  • Stay informed about changes to relevant rules and regulations

Requirements:   i)  Bachelors of Business Administration or equivalent    ii) 3+ years experience associated with contract management    iii)  Pass the examination

Examination: 40 questions; Passing grade is 70%. 

Course fee:   includes Master Contract Manager certificate,  accredited training certificate, and certification card.

To apply:  CLICK HERE

ISO QUALITY

GAFM IBS International Board of Certification Standards, ISO 29990  ISO 9001 quality standards, ACBSP, CHEA, and many other reputable organizations recognized GAFM certification credentials.

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GAFM / AAPM Certificates are recognized in over 140 countries.  It is the ultimate passport to global job opportunities worldwide. Invest wisely, some certifications are better than others.

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Your investment is well spent. Reasonably priced with a certification card, e-book, professional globally-recognized certificate, and an accredited training certificate.  

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