What Skills Does a Contract Management Degree Program Teach?

Contract management skills can be used in a variety of professions. While these skills can be learned through on-the-job training, you can also pursue a variety of degree programs that offer training in contract management. Your options include master's, bachelor's and associate's degree programs. Keep reading to learn more about the skills you can acquire in one of these programs. Schools offering Procurement degrees can also be found in these popular choices.

Overview of Contract Management Skills Training

Contract management skills are used by contract administrators, buyers, attorneys, advanced paralegals, project managers and auditors. Contract management encompasses the administrative activities needed to procure a contract, from contract bidding to monitoring of the contract relationship, and is necessary in order to ensure that all parties involved with the creation of the contract can abide by the terms set as well as meet their expectations. Purchasing and supply management or acquisitions are related fields that often include training in the skills necessary for successful contract management.

Important Facts About This Field of Study

Concentrations Healthcare, International Business, Financing
Common Courses Accounting, Federal Law (Contracting), Management
Possible Careers Contract sourcer, contract specialist, contract manager, sourcing specialist
Online Availability Available fully online
Median Salary (2018)$67,600 (purchasing managers, buyers, and purchasing agents)
Job Outlook (2016-2026)-3% decline (purchasing managers, buyers, and purchasing agents)

Source: U.S. Bureau of Labor Statistics (BLS)

Skills Taught in an Associate's Degree Program

An Associate of Applied Science in Contract Management program teaches students to use computers and to collaborate and communicate with others in a professional setting. You'll learn basic business skills in accounting, finance and economics, and you'll discover how to apply these skills to purchasing and supply. The program also encourages other abilities:

  • Math and financial proficiency
  • Making requests for proposals
  • Basic knowledge of contract law
  • Contract negotiation

Skills Taught in a Bachelor's Degree Program

Upon completion of this program, you can earn a Bachelor of Science in Government Contract Management or a similar degree. Programs of this nature involve everything taught in associate's degree programs, plus additional course work to hone the following talents:

  • Evaluating issues
  • Using ethical principle to resolve contract problems
  • Effective Written and oral communication on a business level
  • Preparation and analysis of financial and managerial reports
  • Comprehensive technological skills to analyze business and management decisions

Skills Taught in a Master's Degree Program

Graduate work in contract management could lead to a Master of Science in Acquisition and Contract Management. In this program, you can expound upon the bachelor's degree program with advanced study in accounting, finance and economics. You'll develop skills in procurement and contract management to an advanced level, while improving these skills:

  • Evaluating contract price proposals
  • Strategic sourcing of goods or services
  • Using PERT (Program Evaluation Review Technique) and Gantt charts
  • Understanding of legislation and fiscal law of contract regulations
  • Developing procedures and policies
  • Risk management

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Full Sail University

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  • Georgetown University

    Georgetown University responds quickly to information requests through this website.

    Popular programs at Georgetown University:

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  • Regent University

    Regent University responds quickly to information requests through this website.

    Popular programs at Regent University:

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  • Southern New Hampshire University

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    Popular programs at Southern New Hampshire University:

    • Master
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  • Liberty University

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  • Purdue University Global

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  • Trident University

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  • Colorado Christian University

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    Popular programs at Colorado Christian University:

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  • Saint Leo University

    Saint Leo University responds quickly to information requests through this website.

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  • Grand Canyon University

    Grand Canyon University responds quickly to information requests through this website.

    Popular programs at Grand Canyon University:

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