Which of the following best explains 'contract management'?
A) Engaging in contractual relationships with one or more parties.
B) Asking for the services of another organisation.
C) Decreasing the size of the organization.
D) The process that ensures all parties to a contract fully meet their obligations.

Question

Which of the following best explains 'contract management'? 
A) Engaging in contractual relationships with one or more parties. 
B) Asking for the services of another organisation. 
C) Decreasing the size of the organization. 
D) The process that ensures all parties to a contract fully meet their obligations.

Quizplus · Accepted Answer

Contract management is the process of ensuring that all parties involved in a contract fulfill their obligations. It involves tasks such as monitoring performance, making changes if necessary, and resolving conflicts that may arise.

Which of the Following Best Explains 'Contract Management