Course Outline

Unit 1: Introduction to IT Procurement and Contract Negotiation:

  • Define IT procurement and its importance in the banking sector.
  • Explore the stages of the IT procurement process.
  • Discuss the key elements of IT contract negotiation.
  • Understand the strategic objectives of IT procurement.
  • Identify common challenges and best practices in IT procurement.

Unit 2: Fundamentals of IT Agreements:

  • Define IT agreements and their components (hardware, software, IT applications).
  • Explore the types of IT contracts and their purposes.
  • Discuss the significance of service level agreements (SLAs) in IT contracts.
  • Analyze case studies of IT procurement agreements in the banking sector.
  • Identify key clauses in IT contracts and their implications.

Unit 3: Negotiation Strategies for IT Procurement:

  • Learn best practices for negotiating IT procurement contracts.
  • Develop skills in assessing and prioritizing negotiation objectives.
  • Explore strategies for effective vendor negotiations.
  • Discuss the role of negotiation in achieving favorable contract terms.
  • Examine the impact of negotiation on vendor relationships.

Unit 4: Risk Management in IT Procurement:

  • Identify risks associated with IT procurement and their impact.
  • Develop strategies for mitigating procurement risks.
  • Explore risk assessment tools and techniques.
  • Discuss the importance of due diligence in IT procurement.
  • Analyze real-world examples of risk management in IT contracts.

Unit 5: Legal Considerations in IT Contracts:

  • Understand the legal aspects of IT procurement agreements.
  • Explore intellectual property rights and data protection in IT contracts.
  • Discuss the role of legal advisors in IT procurement.
  • Learn about contract compliance and regulatory requirements.
  • Analyze case studies of legal disputes in IT procurement.

Unit 6: Managing IT Vendor Relationships:

  • Explore best practices for managing IT vendor relationships.
  • Discuss the importance of vendor performance management.
  • Learn strategies for maintaining long-term vendor partnerships.
  • Examine the role of communication in vendor relationship management.
  • Analyze real-world examples of successful vendor management.

Unit 7: Drafting and Reviewing IT Procurement Contracts:

  • Learn the principles of contract drafting and review.
  • Explore common contract clauses and their significance.
  • Develop skills in reviewing and amending IT contracts.
  • Discuss the importance of clear and concise contract language.
  • Analyze examples of well-drafted IT procurement contracts.

Requirements

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 21 Hours

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