Optimizing Contract Performance and The Contract Management Lifecycle

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This Skill Bit shows that optimizing contract performance requires a structured process. Key elements include SOPs for clear workflows, using technology for efficiency, training the team, and fostering collaboration across departments. The contract lifecycle consists of 7 stages: initiation, planning, development, execution, monitoring, renewal/termination, and closeout. Each stage is crucial for smooth contract execution and successful project completion.

Duration approx. 5 Min.

Tier: advanced

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

Course Content