Contract Management Plan and Template

Large projects and programs with complex contractual requirements necessitate the documentation of a contact management plan. This post delineates the various areas that must be addressed in such a plan. They are as follows:

Organization’s contract management team
Contractual team roles and responsibilities
Overview of the project or program contractual administration
Relationship of the program’s contract management processes with the organization’s overall contractual framework
Contract management processes (e.g. contract approvals, monitoring, etc.)
Contractual deliverables (aligned with the organization’s overall process)
Enforcing contractual penalties
Cost and schedule considerations
Contractual quality guidelines and enforcement
Invoicing and payments
Auditing of contracts
etc.