L4M8 Outcome 1 Flashcards
1
Q
What are the first four elements in the contract management cycle?
A
Plan/scope, stakeholder management, contract admin and relationship management (strategy, structure & resources).
2
Q
What are elements five to seven in the implementation section of the contract management cycle?
A
Performance management, payment/incentives and risk/resilience.
3
Q
What is eight to ten on the contract management cycle (development)?
A
Contract development, supplier development and SRM.
4
Q
Lifecycle management elements - 11 and 12
A
Exit/termination and asset management.
