CLOC Huddle: How to Run an Effective Contract Management Selection Project

Hosted by a working group of the CLOC Legal Project Management Committee, this community huddle will be focused on how to run an effective contract management selection project. 

During this interactive huddle, attendees will breakout into small discussion groups exploring: 

• Breakout Session #1 – How to define the underlying problem and the scope of the contract management system?

• • What is the best practice for the department that is responsible for managing the contracts (legal or another department)?
  • Who are the key stakeholders?
  • What components of the contract life cycle are you trying to manage?
  • What other departments are involved and what other systems are integrated with the CLM?
  • How do users reach legal (intake) and how does legal manage requests?

• Breakout Session #2 -  How are business requirements converted into system requirements?

• • How can you use system demonstrations to define system requirements?
  • How do you focus vendors on your specific requirements?
  • What are some strategies to easily compare vendors?
  • What are the key features that will be needed for the future/improved state of the CLM?
  • Is AI a critical requirement for a CLM and how can it be used?

Take advantage of this opportunity to connect and learn with your legal ops peers.