Benefits of Construction Project Portfolio Management

April 13th, 2020

As one of the most capital-intensive industries, the construction sector’s need for establishing effective project management cannot be overstated. According to the 2019 KPMG Global Construction Survey of 223 engineering and construction (E&C) industry experts, innovative leaders (the top 20%) are way ahead in governance and controls. Sixty-nine percent of them have integrated their project […]


13 Best Practices for Contract Management

April 9th, 2020

Contract Management Best Practices

Poor contract management costs companies 9% of their annual revenues. Specifically, once contracts are signed, there is a laid back attitude and a tendency to react to issues late rather than addressing them proactively. On the other hand, having good contract governance practices in place can result in cost savings of 30% to 50%, long-term […]


What is Contract Lifecycle Management (CLM)?

April 3rd, 2020

Most companies, regardless of their size, outsource a significant part of their operations. Yet, contract lifecycle management remains as one of the under-invested disciplines amounting to less than 1% of total spending. Unfortunately, the impact of poor contract governance is huge. For starters, the quantitative impact is estimated at 9% of annual revenues. Additionally, there […]