Contract Lifecycle Management

   

Definition: Contract Lifecycle Management is the proactive, methodical management of a (all) contract(s) from identifying the needs of a business and initiation through award, compliance, renewal and post-mortem analysis. It includes establishing, implementing and analyzing contract(s) in which the company is and will be a party in, with the goal of maximizing operating and financial performance and reducing risks.


   

   

More on contract lifecycle management.
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