KnowledgeCity

Agile Contract Management

When it’s time to consider your options for writing contracts to work with clients or third parties, there can be a lot of confusion about whether to…

When it’s time to consider your options for writing contracts to work with clients or third parties, there can be a lot of confusion about whether to go a traditional route or consider an agile contract. Agile contracts provide flexibility in goal setting and project milestones by allowing both the supplier and the customer to adjust expectations throughout the life of the project. This course explores agile contracts and their advantages over traditional contracts. By the end of this course, you'll understand the differences between traditional and agile contracts, the benefits of an agile approach, and how you can help your team save time, money, and resources by drawing up the right contract.

Learning Objectives

  • Define traditional versus agile contracts
  • Understand the advantages and disadvantages of the agile contract model
  • Learn how to negotiate an agile contract
  • Identify the different types of agile contracts
  • Learn why transparency and flexibility are important in agile contracts

Author: Michele Hagan

Duration: 32m · 16 lessons
Language: English

Skills you’ll gain

Agile ManagementAgile Project ManagementAgile ProjectsContract Lifecycle ManagementContract ManagementAgile Certification

What You'll Learn

  • Define traditional contracts versus agile contracts
  • Identify the advantages and disadvantages of the agile contract model
  • Negotiate an agile contract
  • Recognize the different types of agile contracts, including capped time and materials, target cost contracts, and incremental delivery
  • Explain why transparency and flexibility are important in agile contracts
  • Apply agile practices such as determining objectives and price, scrumming, and dividing projects

Key Takeaways

  • Agile contracts provide flexibility in goal setting and project milestones by allowing both the supplier and the customer to adjust expectations throughout the life of the project.
  • Agile contracts differ from traditional contracts and offer advantages that can help a team save time, money, and resources.
  • Transparency and flexibility are important elements of agile contracts.
  • Collaboration and trust with the other party support the agile contract approach.
  • Agile contracts come in different types, including capped time and materials, target cost contracts, and incremental delivery.

Frequently Asked Questions

What will I learn in this course?

You will understand the differences between traditional and agile contracts, the benefits of an agile approach, and how to help your team save time, money, and resources by drawing up the right contract.

Who is this course for?

It is for anyone considering their options for writing contracts to work with clients or third parties and weighing whether to go a traditional route or consider an agile contract.

What types of agile contracts does the course cover?

The course covers capped time and materials, target cost contracts, and incremental delivery.

What topics are covered in the lessons?

Lessons cover what an agile approach is, traditional versus agile contracts, advantages and disadvantages of agile contract management, determining objectives and price, scrumming, flexibility and transparency, collaboration and trust with the other party, dividing projects, capped time and materials, target cost contracts, and incremental delivery.

What skills does this course help build?

It helps build skills in agile management, agile project management, contract lifecycle management, and contract management.

Transcript

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Welcome to KnowledgeCity's course, Agile Contract Management. In this course, we will provide helpful tips for using an agile approach to contract management and negotiation, as well as discuss a variety of effective methods for managing contracts. By the end of this course, you'll be able to effectively utilize the agile approach to contract management and will have the tools necessary to successfully navigate the contracting process. Agile contract management is an important strategy in the world of business. And after completing this course, you will feel confident in achieving your contracting goals. Let's get started.

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