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 other: General Management, Holistic Marketing, Safety Citizenship Behavior. MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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