Procurement and Contract Management The risks involved in the contract making include mechanical risks in terms of equipment failure and transportation letdown.
However, the person with specialized skills and know-how in contract management, the contract manager, is not considered as a necessary key role in the project management field.
Indeed, many companies let the project manager manage the contract, even if he has not specialized experience in contract management. That is why contract management is a challenging concern within project management.
To understand, the best way companies can grasp the contract management within their projects and thus analyse how contract management can be handed within a project, we use different methods of quantitative and qualitative analysis and comparison. Despite the contract management is a required competency to manage a project.
The contract manager work cannot be defined as to simply write the contract, and following it during the project. The contract life cycle management implies to efficiently manage the analysis of the contract, to minimise risks and maximise performance, which enables to achieve successfully the project.
Indeed, it permits to have a deep understanding of the products that will be delivered during the project, which is one of the keys to have a successful project.
Therefore, we can consider contract management as a full part of project management. Problem definition To summarize, this research paper has been undertaken to analyse and answer the following questions: What is the role of contract management in project management?
How the role of a contract manager create value to the project?
Is it worth to have a dedicated contract manager in the project team, and thus reconsider the roles of project team in main project management approaches?
Or the project manager must be a contract manager. Student papers are authored by graduate or undergraduate students based on coursework at accredited universities or training programs.
How to cite this paper: Available online at https:Journal of Contract Management NCMA's Journal of Contract Management is a peer-reviewed, scholarly publication devoted to the dissemination of research and improvement of the contract management field, serving both the buying and selling communities of the public and private sectors.
Initially released during a special session at the HIDA Streamlining Healthcare Conference in Chicago and revised in , the white paper details a set of procedures for automation of contract management processes, including price authorization acknowledgements, chargeback reconciliations, and manufacturer price/sales catalogs.
Management Concepts is the nation’s premier provider of training and professional development solutions serving the public and private sectors.
Management is the leading journal for the field of project management and organization studies. Its mission is to publish leading edge innovative research that significantly advances the field of project management and organizing. Project Administration In addition to administering the primary CCPR sponsor agreements, the Administrative Core also provides the following types of services to member projects: Budget set-up, monitoring and financial report [ ].
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