Benchmarking in Contract Management, Performance Reviews, and Dispute Resolution

This Skill Bit shows that benchmarking in contract management compares performance against industry standards or competitors (internal, competitive, functional) to identify gaps, set targets, promote innovation, and enhance collaboration. Contract performance reviews involve regular assessments, objective evaluation, two-way communication, and documentation. They contribute to early issue identification, collaborative problem-solving, clear communication, and effective dispute resolution strategies.

Duration approx. 5 Min.

Tier: proficiency

A part of Contract Management Best Practices: A Complete Onboarding Program to Skills, Roles and Responsibilities for Professionals course.