CLM Maturity Assessment
Contract lifecycle management maturity assessment is the process of assessing an organization’s contract lifecycle management (CLM) processes and capabilities against a set of best practices. The goal of a CLM maturity assessment is to identify gaps in an organization’s CLM processes and capabilities, and to provide recommendations for improvement.
There are a number of different frameworks that can be used for CLM maturity assessments, but the most commonly used is the Capability Maturity Model Integration (CMMI). CMMI is a framework that provides a structured approach for assessing and improving organizational processes. The CMMI framework is divided into five levels, each level representing a higher degree of process maturity:
Level 1: Initial – The organization has just begun to establish its contract lifecycle management processes. There is little or no standardization among these processes, and they are often ad-hoc and uncoordinated.
Level 2: Repeatable – The organization has established basic contract lifecycle management processes, but there is still some variability in how these processes are carried out. There is beginning to be more coordination among the various stakeholders involved in the contract lifecycle.
Level 3: Defined – The organization has well-defined contract lifecycle management processes that are consistently followed by all stakeholders. These processes are regularly reviewed and updated as needed.
Level 4: Managed – The organization manages its contract lifecycle management processes and has them under control
Level 5: Optimised – The organization systematically improves the contract lifecycle processes. By receiving qualitative feedback, the processes are proactively amended.