This week’s topics
Contract Administration and Performance Metrics
- Operational administration versus strategic management
- Service level agreements (SLAs)
- Vendor performance scorecards
- KPI benchmarking
- 29 Service level agreements
- How to develop effective Key Performance Indicators
- Types of Benchmarking Processes for Business Strategy
What you will be able to do
- 2.2 Differentiate between contract management and contract administration.
- 2.3 Compare contract management key performance indicators.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: differentiate between contract management and contract administration.
Study materials
Videos
- 29 Service level agreements · YouTube · Neil Brown · 4 min · for registered students
- How to develop effective Key Performance Indicators · YouTube · The Finance Storyteller · 5 min · for registered students
- Types of Benchmarking Processes for Business Strategy · YouTube · Professor Wolters · 7 min · for registered students
Further resources
- Procurement Act 2023 guidance: Key Performance Indicators · PDF · GOV.UK, guidance; 6 pages · for registered students
- Procurement Act 2023 guidance: Contract Performance Notices · PDF · GOV.UK, guidance; 12 pages · for registered students
- Managerial Accounting, ch. 13: How Do Managers Use Financial and Nonfinancial Performance Measures? · PDF · Saylor Academy, textbook chapter; pp. 883–972 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.