Contract management: Agile contracting
At its core, contract management promotes a collaborative approach between the parties involved, focusing on outcomes rather than rigid processes. The key objective is to deliver value and quality to the client while allowing for changes and adjustments as the project progresses.
It supports the iterative and incremental development approach characteristic of Agile methodologies. They are designed to accommodate changes in project scope, schedule, and costs during the project lifecycle, emphasizing the ability to adapt over sticking to a pre-determined
From Rigidity to Flexibility, Journey towards Agile Contracting
Agile contracting is a modern approach to contract management based on Agile project management principles. It’s a radical departure from traditional contracting methods that often emphasize detailed upfront planning and fixed deliverables.
At its core, Agile contracting promotes a collaborative approach between the parties involved, focusing on outcomes rather than rigid processes. The key objective is to deliver value and quality to the client while allowing for changes and adjustments as the project progresses.
Agile contracts support the iterative and incremental development approach characteristic of Agile methodologies. They are designed to accommodate changes in project scope, schedule, and costs during the project lifecycle, emphasizing the ability to adapt over sticking to a pre-determined plan.
Agile contracting is especially beneficial in complex projects where the requirements are not fully known at the outset or are likely to change over time. This approach enables the development teams to respond to changes more efficiently, fostering innovation, improving customer satisfaction, and often leading to better project outcomes.
Topics & The TimeLine
Introduction: 03:49
Understanding Contract Management and Agile Contracting: 21:28
Roles & Responsibility: 31:54
Key Elements of Agile Contracts & Contract Management: 39:04
Create and Managing Agile Contracts: 01:18:27
Legal Implications: 01:26:38
Implementing Agile Contract: 01:31:17
Future Trends of Agile Contracting: 01:37:
It is especially beneficial in complex projects where the requirements are not fully known at the outset or are likely to change over time. This approach enables the development teams to respond to changes more efficiently, fostering innovation, improving customer satisfaction, and often leading to better project outcomes.
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While every effort has been made to ensure the accuracy and completeness of the information provided, participants are strongly encouraged to consult with legal professionals, contract specialists, or other relevant experts to tailor any concepts or strategies to their specific situation.
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For more deeper knowledge on Agile Contracting, you can watch the video https://academy.agiledigest.com/AVI/agile-contracting-journey/
For further insights into Agile contracting, you can check out https://academy.agiledigest.com/ABI/agile-contracting/
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