The Best Contract Management Courses in Australia (2024)

Contract managers are essential cogs in the machinery of any business that keep operations smooth, costs in check, and legalities on point. Understanding contract management can open doors to numerous job opportunities and streamline business processes. Below, we cover what you need to know about contract management, including a list of the best contract management courses in Australia. 

Where to Find Contract Management Courses Australia 

What is Contract Management?

Contract management goes hand in hand with another role, called procurement. This is why any good contract management course teaches you about procurement as well. 

• Procurement: Procurement is the process businesses use to buy goods or services from external sources. It includes finding suppliers, negotiating deals, and ensuring everything arrives as expected.
• Contract Management: Once purchases are made, contract management kicks in to oversee the agreements between the business and suppliers. It involves creating contracts, ensuring compliance, and resolving any issues that may arise.

While they are not the same thing, they are both essential for businesses to operate efficiently and effectively. They work hand in hand to ensure that businesses obtain what they need efficiently and effectively.

Jobs & Industries Needing Procurement & Contract Management Skills 

Taking a contract management course can open up a wealth of career opportunities across a broad range of sectors, such as: 

Jobs

• Procurement Manager
• Contract Administrator
• Supply Chain Analyst
• Project Manager
• Purchasing Officer
• Legal Contract Advisor
• Operations Manager
• Vendor Management Specialist
• Risk Management Officer
• Compliance Manager

Industries 

• Manufacturing
• Construction
• Technology and IT
• Healthcare
• Government and Public Sector
• Retail
• Energy
• Education
• Transportation and Logistics
• Consulting and Services

What Does a Procurement/Contract Manager Do? 

While daily tasks vary from industry to industry, here are some general duties you’ll find a contract manager/procurement manager doing: 

• Evaluating Suppliers: Assessing potential suppliers based on price, quality, and delivery speed.
• Negotiating Contracts: Working out terms that benefit both the company and the supplier.
• Overseeing Supply Chain Operations: Ensuring smooth operation from order to delivery.
• Ensuring Contractual Compliance: Making sure both parties adhere to the terms of the contract.
• Managing Disputes: Resolving any issues or conflicts that arise during the contract period.
• Monitoring Performance: Assessing the performance of suppliers and the quality of goods/services received.
• Budget Management: Overseeing costs and working within budget constraints.
• Risk Management: Identifying potential risks in procurement activities and developing mitigation strategies.
• Record Keeping: Maintaining detailed records of contracts, purchases, and negotiations.
• Reporting: Providing reports on procurement and contract management activities and outcomes​​​​.

Contract Manager Salary in Australia 

In Australia, those in procurement and contract management roles can expect good salaries, but they do vary based on experience, location, and industry. For instance, a contract manager can earn anywhere from $70,000 to $180,000 annually. The numbers can vary, but the demand for these skills keeps the field lucrative.

Interested in Business & Entrepreneurship? Go Further with OCA  

Ready to take your career to the next level? Combine a contract management course with a business and entrepreneurship online course from OCA. Expand your knowledge, refine your skills, and boost your employment prospects today.  

Our courses are designed to fit your lifestyle, allowing you to study at your own pace, whenever and wherever. 

Don't just dream about success—make it your reality. Explore our wide range of courses and start your journey to becoming a business leader today with OCA. 

Contract Management Course FAQs 

What will I learn in a procurement and contract management course? 

You’ll learn to find and choose suppliers, negotiate deals, and ensure everyone sticks to the agreement. Plus, you'll learn about the rules and ethics that keep everything fair and square.

Who should take procurement and contract management courses? 

Anyone can take a contract management course. From newcomers wanting to break into the field to current professionals aiming to up their game, or anyone in business roles like project managers and supply chain coordinators. If you're involved in making or overseeing purchases and agreements, this could be right up your alley.

How long does it take to complete a procurement and contract management course?

Time can vary based on the course's depth and how quickly you move through the material. Some courses are brief and can be wrapped up in a day, while more in-depth ones might stretch over several months. The pace can often be adjusted to fit your schedule, especially with online options.