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Contract Lifecycle Management Steps

Analyze old data: Study different contracts to understand problems that arise in previous contracts and performance information.

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  • Identify public and cyber risks: Analyze risks in all forms, from public health and cybersecurity to socio-economic changes and regulation.
  • IIdentify their risks: Break down the risk profile of the entity and the ways your organization could influence it.
  • Identify faults from the past: Conduct analyses to identify status problems or under-representation faults and to understand unspoken knowledge.
  • Use red flags: Highlight red flags for risk tolerance and communicate them clearly to all parties.
  • Use contract templates: Use clear-cut clauses as a starting point for contract creation, reducing the potential risk of human faults.

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