Contract Lifecycle
Process
The Contract Lifecycle process incorporates the various stages that a contract will go through from initial creation, or reception from third party, to its eventual expiry or termination.
If you are looking to formalize your approach and internal processes around Contract Management, you may also wish to consider your existing legacy contracts that should be managed in the same coherent and logical manner as newly created contracts within a well-managed contracting process.
The diagram below outlines the principal stages in the Contract Lifecycle process:
Contract Lifecycle Process
