Contract Lifecycle Management- IACCM LCM conceptual model

For this assignment you have two options:

• Using a major contract which is either now complete or near completion/or has been running for a long time and is in your own organisation – apply the Contract Life Management (CLM) framework and identify what has worked/is working with your organisation’s contract management, what didn’t work and what lessons can be learnt. For contracts that have not completed, identify risks with any future stages and what should be in place, and if you can, evaluate the risk mitigation strategy proposed (if it is available), or suggest what mitigating actions could be taken. Remember the first half of this module and look for any observations concerning how the contract has developed in execution and the contract terms and conditions.
• Use a high-profile contract with plenty of information in the public domain and is either now complete or near completion/or has been running for a long time – apply the Contract Life Management (CLM) framework and identify what has worked/is working, what didn’t work and what lessons can be learnt. For contracts that have not completed, identify risks with any future stages and what should be in place, evaluate the risk mitigation strategy proposed (if it is available), or suggest what mitigating actions could be taken. Major contracts like those with the architect for the Scottish Parliament, construction of the 2012 Olympics, HS2 or British Library are examples of projects with significant data in the public domain. If you can, find out what standard form of contract was used, and consider whether this had any impact on the successes or issues encountered.

This should include a reflection based on the literature review of the appropriate IACCM LCM conceptual model from the initiation phase till the close out within 3500 words, which should be based on the elements from the notes I will provide. the report should be written critically. This mean to be compared with the literature review and cover all the requirement in the question from recommendations, risk mitigations, lessons learnt, what should be done in a better way based on literature? and such critical writing for a masters degree.