Business/Legal Contract management using MS Project.

K

kdatwani

Hello Everyone,
I'm trying to determine if MS Project can be used to manage Business/Legal
Contracts. To manage deadlines, expiry dates, renewal dates. Also, manage
contract approval process. Would appreciate any feedback.
Thank you.
 
J

Jim Aksel

Perhaps a database would be a better solution.
What Project can do for you...
This is a scheduling application. So, you could enter tasks for "Gather
requirements, author contract, negotiate, final revisions, signature cycle,
etc...

--
If this post was helpful, please consider rating it.

Jim Aksel, MVP

Check out my blog for more information:
http://www.msprojectblog.com
 
J

Jim Aksel

Perhaps a database is s better solution.
What Project can do is list and link the tasks required to create and manage
the contract such as gather requirements, create draft, negotiate, final
draft preparation, signature cycle, etc.

You can also input deadlines, but they may not be what you expect. A
deadline in project is the date that an activity must be complete before it
is declared late. I may need to have a draft due no later than 01 SEPT 2009.
So, if my schedule pushes the draft preparation past 01 SEPT 2009, the task
will be marked as a violation of the deadline date. Don't confuse this with
the period of performance of the contract ending. For example, I may enter a
contract that allows me to download music from a website for a period of 90
days. When the 90 days are up, the contract ends or renews... not a good fit
for deadline.

So, yes, it can be done. But I would need to know more about your
requriements. Since it sounds like you want to manage the contracts
themselves (and not the schedule of the contract), I think a database might
be a more effective solution.
--
If this post was helpful, please consider rating it.

Jim Aksel, MVP

Check out my blog for more information:
http://www.msprojectblog.com
 

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