Challenge: Understanding changes, their origins and impact, as well as their application and consequences
In the modern world, businesses change and evolve rapidly, putting pressure on long term supplier engagements. This triggers scope changes that immediately impact timelines and pricing which in turn end up in new negotiation rounds. Additional activities like managing numerous emails and documents and ensuring version control can be a challenge. After all stakeholders are in agreement, the changes must be signed and added to the original contract. This includes an update of all related management and monitoring documents and applications.