Contract Management

Carlos -

In many companies there would be dedicated procurement staff who would have the expertise to ensure that the company's interests are protected when writing or negotiating the terms & conditions within a contract. The PMs responsibility in such companies is to ensure that product/service requirements are clearly provided and that constraints, expectations & assumptions are provided to these procurement staff so that the contract achieves the desired result.

As usual, the PM is expected to be the conductor, not a specific player in the orchestra.

Kiron

Creation of a contract is not a project manager responsability. All related to monitoring and control of the activities related to create a contract including assigned stakeholders are responsability of project manager. So, it nothing to your side.

Hello Sergio
I understand what you tell me, however, if the contract was not well structured, there may be many problems that can be avoided in advance. The impacts on the development of the project can be very serious, especially when the areas of procurement, tech, finance, etc are "distant" and the PM does not have adequate support or empowerment.

Greetings and good luck in Russia

You have not the universal knowledge. If the contract is not well structured you have to record a risk and assgin it to the subject matter expert. God does not perform project mangement and we does not make miracles.

"God does not perform project mangement and we does not make miracles."
copy and paste it in these cases haha
Thank you

You are welcome. I hope the statement help you to soften some situations, at least.

The biggest mistake usually done with contracts - or any other document - is not making it easy to amend.

Contracts are meant to be frameworks against which deliverables are developed and delivered. You don't wont to make it a habit of continuously amending your contract. You don't, however, want the contract to impede the work because of its inflexibility.