Design and Build an Effective Contract Lifecycle Management Process

Mitigate risk and drive value through robust best practices for contract lifecycle management.

Onsite Workshop

You can’t find key vendor contracts and are concerned that your organization is at risk regarding vendor compliance:

  • You don’t know when key vendor contracts are due to renew.
  • You can’t find the latest version of a contract.
  • Vendor rebates are not being maximized.
  • You constantly miss agreement renewal deadlines.

Contract management can save money, reduce time spent on contract approvals, and mitigate risk to the organization:

  • Assess the current maturity state of your existing CLM process.
  • Identify improvements areas in your processes to reduce risk.
  • Understand where to focus improvement efforts and spend.
  • Identify stakeholders for improved collaboration.

Module 1: Review Your CLM Process and Learn the Basics

The Purpose

  • Identify current CLM processes.
  • Learn the CLM operational framework.

Key Benefits Achieved

  • Documented overview of current processes and stakeholders.

Activities: Outputs:
1.1 Review and capture your current process.
  • Existing CLM Process Worksheet
1.2 Identify current stakeholders.
1.3 Learn the operational framework of CLM.
1.4 Identify current process gaps.

Module 2: Learn More and Plan

The Purpose

  • Dive into the two phases of CLM and the ten stages of a robust system.

Key Benefits Achieved

  • A deep understanding of the required components/stages of a CLM system.

Activities: Outputs:
2.1 Understand the two phases of CLM.
2.2 Learn the ten stages of CLM.
2.3 Assess your CLM maturity state.
  • CLM Maturity Assessment
2.4 Identify and assign stakeholders.
  • CLM RASCI Diagram

Workshop icon Book Your Workshop

Onsite Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn’t enough, we offer low-cost onsite delivery of our Project Workshops. We take you through every phase of your project and ensure that you have a road map in place to complete your project successfully.

Book a Workshop View Blueprint
Visit our COVID-19 Resource Center and our Cost Management Center
Over 100 analysts waiting to take your call right now: 1-519-432-3550 x2019
GET HELP Contact Us
×
VL Methodology