Planning & PreparationThe first section of focus speaks to the planning and preparation stage. It encompasses the pre-contract drafting/negotiation phase of contract lifecycle management, and will outline specific steps take during this phase to ensure success later on. During this time your organization should plan and set up internal policies and procedures needed to effectively manage, and avoid administrative bottlenecks, during the next phases of the contract management process.
Pre-Contract PeriodNext is the pre-contract period, reviews specific steps to go through during the post-negotiation phase of the contract. During this time you will want to review your contracts to check for errors that could potentially put your organization at risk, and take measures to organize your contracts for future optimization.
Contract PeriodThis section reflects on actions to take during the contract period which refers to the timeframe when the contract is active. During this time your organization should take measures to fully optimize your contracts and take measures to understand trends and opportunities with your contracts.
Post-Contract Period The final section addresses the post-contract period. This section reviews critical steps to take with your agreements during the time following the active contract period. It outlines items to consider when closing out a non-renewed contract.
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