Excel Stole My Confidence! Dispatches From the Project Management Front Lines

October 6th, 2022

The old adage “confidence is key” is no truer than in the projects industry. Often though, project-focused organizations lack confidence because they cannot obtain a clear and accurate picture of project and portfolio data. This inability can often be attributed to their use of a fractured web of third-party software, home-grown solutions and Microsoft Excel […]

13 Best Practices for Contract Management

April 9th, 2020

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 […]