Which of the following best describes the way in which the four dimensions of contract management should be managed?
A) Sequentially.
B) One at a time.
C) In parallel.
D) Two at a time.

Question

Which of the following best describes the way in which the four dimensions of contract management should be managed? 
A) Sequentially. 
B) One at a time. 
C) In parallel. 
D) Two at a time.

Quizplus · Accepted Answer

Contract management involves four dimensions - time, risk, relationship, and performance. These dimensions are interconnected and should be managed in parallel, rather than in isolation. The successful management of contracts requires concurrent consideration of all four dimensions to ensure that the agreement is delivering the expected outcomes in a timely, cost-effective, and relationship-driven manner while minimizing risks. Therefore, the best approach is to manage all four dimensions in parallel.

Which of the Following Best Describes the Way in Which