Contract Change Management
In project management, contract change management is the process of requesting, analyzing, approving or rejecting, and implementing changes to a contract. The purpose of contract change management is to document, track, and manage changes to the contract throughout the project lifecycle.
There are four main steps in contract change management:
1. Requesting a change: This can be done by either the customer or the supplier. The request must include all relevant information about the proposed change, such as why it is needed and what impact it will have on the project.
2. Analyzing the request: Once a request is received, it must be analyzed to determine if it is a valid change. This includes assessing whether the proposed change is within scope, whether it will impact other parts of the project, and whether it is feasible to implement.
3. Approving or rejecting the request: Once the request has been analyzed, a decision must be made as to whether to approve or reject it. If approved, the next step is to develop a plan for implementing the approved change. If rejected, the reason for rejection must be communicated back to the requester.
4. Implementing the change: Once a change has been approved, a plan for implementation must be developed and executed. This includes tasks such as updating documentation, training staff on any new procedures required by the change, and making any necessary changes to processes or systems.