The Advisory Council - Contract Lifecycle Management Rapid Review Assessment

Contract Lifecycle Management Rapid Review Assessment
The discipline of Contract Lifecycle Management (CLM) has become an essential tool in support of IT leadership's business obligations -- as part of, or separate from, IT asset management (ITAM).
Contracts (and vendors) are the means by which assets and services are delivered, to provide business value/ROI -- the end results. As to assets and services, contracts are critical to an IT organization's ability to:

Reduce/avoid lifecycle costs,
Minimize legal, regulatory and financial risks, and
Maximize lifecycle value

Many organizations focus heavily on contract negotiation and execution up-front, but fail to pay adequate attention to the lifecycle management of those contracts. Business-aligned IT organizations are taking more responsibility for contract lifecycle activities, and establishing or reviving contract management and vendor management programs. The challenge (opportunity) is to understand the current level of your organization’s CLM effectiveness and efficiency. Do you know how effective your program is today?

Our affordable, fixed-price Contract Lifecycle Management Rapid Review Assessment provides:

An efficient assessment of your current contract lifecycle management practices,
A gap analysis against your specific objectives, as well as industry practices, and
Recommendations for new or improved practices

The results of our service enable companies to develop a contract lifecycle management roadmap that leverages strengths, addresses weaknesses and, most importantly, delivers the expected business value.

Our Experts have extensive experience in assessing, developing and implementing contract lifecycle management programs. We partner with our clients to define an improved contract lifecycle management program based on their goals and business requirements, and educate their team in the process. We believe this is important so our clients can take ownership for the recommendations, and are capable of making continual adjustments to the program as changing business needs demand.

Deliverables

Standard

Our offering delivers the following results:

An assessment of current contract lifecycle management practices, for both executives and staff levels,
A summary of current barriers to program improvement,
A gap analysis comparing the current practise to industry, and
Recommendations for new or improved practices

Our Experts will deliver a summary report that includes the above deliverables, and present the findings to our client’s management.

Work effort may be conducted on-site or off-site as follows:

TAC will work with client’s staff to gather the information for review.
Work effort is limited to two days for data gathering, and one day for an interactive presentation of findings and recommendations.
TAC assumes client has readily available documentation of all areas, and/or will send to TAC within two business days upon request.

Optional

In addition to the deliverables listed above, we can assist clients in a more detailed program assessment, provide additional support, and help to implement the approved initiatives.

Additional support examples:

Inventory support: Develop a comprehensive contract inventory baseline for ongoing comparison and action.
Contract portfolio analysis: A comparative analysis of major contracts held with individual vendors, to identify opportunities for lower costs, increased consistency and leverage.
Ongoing support: Analytical and research support for the Contract Lifecycle Management assessment results.
Contract management toolkit: A selection of templates, checklists etc., as developed over years of experience, and provided as applicable.

Target Audience

CIO, COO, CFO, CPO

Executives and senior management from IT and business areas with responsibility for all or a subset of contract lifecycle management.

About The Advisory Council

Founded in 2002, The Advisory Council (TAC) brings its unique Expertise-as-a-Service^® (EaaS™), the next logical step in the XaaS revolution, to the enterprise. The EaaS solution-delivery model gives clients access to TAC’s wide array of services, tools and workshops designed to help CIOs and IT managers reduce costs, improve productivity, and increase the status of IT in the boardroom. The EaaS mission is to provide first-hand, actionable information, advice, and expertise in the context of your specific IT organization. The TAC Expert Network provides clients on-demand access to one of the world’s largest vetted networks of practicing IT experts. With hundreds of CIOs, authors, patent holders, thought leaders, and independent consultants, TAC delivers the right answer to your question in the right context, “right now.”