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In CLM features are used as an abstraction layer between the CLM-system and subscribing systems. A feature string is a valid (as determined by the definitions in the CLM system) complete or partial selection of features that define a product. The feature string acts as a product's DNA that is shared by all subscribing systems and processes.
Without a proper system or contract lifecycle management software, compliance can be difficult to keep track of and can result in legal ramifications, late fees, bottlenecks, and other business hazards. Renewal - After a document is expired (or when it is nearing expiration) a contract must be renewed and renegotiated. Contract lifecycle ...
A project management information system (PMIS) is the logical organization of the information required for an organization to execute projects successfully. A PMIS is typically one or more software applications and a methodical process for collecting and using project information.
This requires contract management software, or contract risk management software (CRMS), to become more dynamic and responsive. The terms of these capex contracts necessarily involve assumptions at the start of the process and are likely to change over the lifetime of the project lifecycle. For this reason, CRMS must be capable of recording one ...
Project management software are computer programs that help plan, organize, and manage resources.. Depending on the sophistication of the software, it can manage estimation and planning, scheduling, cost control, budget management, resource allocation, collaboration software, communication, decision-making, quality management, time management and documentation or administration systems.
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ITIL specifies the use of a configuration management system (CMS) or configuration management database (CMDB) as a means of achieving industry best practices for Configuration Management. CMDBs are used to track Configuration Items (CIs) and the dependencies between them, where CIs represent the things in an enterprise that are worth tracking ...
Project management software is a type of software, including scheduling, cost control and budget management, resource allocation, collaboration software, communication, quality management and documentation or administration systems, which are used to deal with the complexity of large projects.