Contract Management
Contract Management is the systematic handling of project-related contracts with suppliers, partners, employees, or customers. It involves planning, negotiation, implementation, evaluation, and renewal or termination of contracts, aimed at maximizing operational and financial performance, reducing risk, and realizing project objectives.
Level 1: Emerging
At an emerging level, you are beginning to understand contract management concepts. You can apply basic principles under guidance, ensuring contractual obligations are met in accordance with project goals.
Level 2: Proficient
At a proficient level, you are able to effectively negotiate, draft, and manage project contracts, ensuring compliance, mitigating risks, and maintaining positive relationships with stakeholders throughout the project lifecycle.
Level 3: Advanced
At an advanced level you are proficient in negotiating, drafting, and managing complex contracts in project management, ensuring adherence to legal requirements and maximizing outcome value for all stakeholders.
