Performance metrics is key in any contract management. Describe the benefits of maintaining and monitoring performance metrics.
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- Contract managers who operate in the international market are required to have enhanced knowledge set of knowledge and skills to be effective. Describe some of the risks as it relates to international contract management? Give examples. How can such risks be mitigated?
- Contract management demands competence, character, vision, and other factors. Describe how collaboration can lead to successful contracts management. What are some of the ways contract managers can minimize resistance to collaboration?
- Describe how changes in government regulations affect supply and demand in the marketplace? Indicate if these changes will lead to increase or decrease in prices? Use specific examples in your answers.
- Why is important for contract managers to understand financial analysis to be effective in managing contracts. What value does each financial statement provide as it relates to contract management? Give examples.
- What are the differences between contract management and contract leadership? Should senior executives play a role in contract management? Why?
- How effective is your organization at developing leadership talent at every level and creating a leadership pipeline? Contract teams often have a contract manager (CM) and a project manager (PM), what are the different roles and responsibilities of each and how do they benefit one another?
Related Book For
Operations Management Processes And Supply Chains
ISBN: 9781292409863
13th Global Edition
Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman
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