Month: January 2023

Contract Management in Project Management: Its Stages, Features, and Importance

Contract Management in Project Management: Its Stages, Features, and Importance

Contract management is among the most critical aspects of project management. It involves creating, negotiating, and administering contracts between two or more parties. Contracts ensure that all project stakeholders know their obligations and responsibilities. This blog post will discuss the stages of contract management, the features of a good contract, and the importance of contracts in project management.

How To Create a Functioning Contract Management Database

How To Create a Functioning Contract Management Database

Guess what? Your business might be losing a major portion of its annual profit due to inefficient contract database management systems. Contracts are an essential part of any business, as they contain information about every dollar that enters and exits the business. Not being able to keep track of this information can cause serious financial and reputational harm to organizations.

With a functioning contract management database in place, businesses can streamline their contract management lifecycle, protect confidential information, and improve productivity. But, how exactly do you create a functioning contract management database? Read down below to find out.

Four Steps to Begin Contract Management Planning

Four Steps to Begin Contract Management Planning

One of the most tedious and high-stakes tasks in any business is managing contracts. In the past 10 years, we’ve seen a proliferation of tech tools that proclaim to make contracting easier, faster, and automated. By 2022, technology was essential for maintaining the visibility of contracts and their progress along the contract lifecycle. Digitization became much more of a need-to-have. However, all the technology in the world will still fail if you don’t have a solid workflow and adoption plan in place first.







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