About course section
The Post-Award Contract Management (PACM) Stratus Course aims to equip learners with advanced knowledge and skills in PACM, building upon the foundational concepts covered in the Cirrus and intermediate principles covered in the Nimbus Study Guides. Stratus focuses on developing learners' abilities to demonstrate synthesis of PACM structures, systems, and processes, supervise PACM practitioners, and establish PACM Key Performance Areas (KPAs) and Key Performance Indicators (KPIs) within an organisational context.
By achieving the specific outcomes outlined in the PACM Stratus Study Guide, learners will be able to apply analytical thinking to oversee PACM activities effectively, make recommendations for improving control of PACM KPAs and KPIs, and create real value for their organisations by driving changes in contract activities through persuasion and negotiation. Additionally, learners will develop strong PACM leadership skills, exert social influence in the workplace, and effectively manage the span of control for PACM practitioners.
The PACM Stratus Study Guide is the pinnacle of the PACM learning journey, where learners consolidate their expertise and assume leadership roles in managing post-award contracts.
The outcomes achieved in Stratus enable learners to contribute to organisational success by aligning business processes, monitoring contracted deliverables and projects, and making strategic recommendations for improving PACM effectiveness and efficiency.
By completing the PACM Stratus Course, learners will emerge as integral PACM practitioners with comprehensive skills, knowledge, and the ability to provide strategic guidance in post-award contract management. Participants acquire the know-how to drive positive change, establish robust PACM frameworks, and ensure organisational excellence in PACM practices.
Learning Outcomes
Upon completing this course, participants will be able to:
- Define Post-Award Contract Management (PACM) and explain its contribution to organisational well-being.
- Differentiate between the pre-award and post-award phases of contract management.
- Identify key activities within PACM, including contract start-up, monitoring, obligation management, change management, and contract closure.
- Explain the roles and responsibilities of contract owners and their span of control.
- Apply self-management and leadership strategies to manage teams effectively within PACM.
- Solve complex problems in PACM using critical and analytical thinking.
- Utilise methodologies, techniques, and tools to enhance PACM efficiency.
- Apply creativity and initiative to improve PACM practices.
- Identify potential risks in PACM and implement risk management strategies.
- Monitor and control Key Performance Areas (KPAs) and Key Performance Indicators (KPIs) within PACM.
- Analyse PACM structures, processes, and systems to develop integrated approaches.
- Demonstrate leadership and social influence in PACM.
- Use persuasion and negotiation techniques to create value in PACM.