Contract Management Cycle


What is the Contract Management Cycle?

Contract management lifecycle “is the process of systematically and efficiently managing contract creation, execution and analysis for maximising operational and financial performance and minimising risk.” Aberdeen Group.

To create a smooth end-to-end process, CIPS has developed a highly effective Contract Management Cycle model to ensure optimum scoping, planning, implementing, managing and reviewing. This can help you add value to every project and understand key roles and responsibilities.

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1 Plan 2 Stakeholders 3 Administration 4 Relationship 5 Performance 6 Payment 7 Risk 8 Contract 9 Development 10 SRM 11 Exit 12 Asset
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