One of the frustrations that we hear frequently is that it can be challenging to get approval for a Contract Management System since the company views it as a cost center, and most new systems go towards revenue.

We often post content here that can be helpful to our customers (or others) and this article on the Andreessen Horowitz website was well written and addresses a lot of concerns that we deal with in our sales process.  We thought it would be helpful to repost it here. 

Maximizing resources is an overarching principle in business management. Managers get excited, and justifiably so, when they can add a little revenue here and cut an expense or two there. Implicit in this endeavor is the wise and efficient use of human capital, including your own time. One way many successful people accomplish tasks and save time is through the use of checklists.  Some people are even passionate (yes!) about checklists!

The construction industry arguably goes hand-in-hand with human civilization itself. In fact, anthropologists, scholars, and other scientists often study our ancient construction to better understand us, both then and now. From ancient Mayan pyramids to Stonehenge, our structures tell fascinating stories, and sometimes create new and mysterious questions.

Risk management professionals, in the broadest sense, must concern themselves with anything that can potentially create liability for the company or harm the company’s assets. In addition, managers throughout the organization must consider the management of risk present within their particular departments or areas of specialization.

The management of risk is so important in business that “risk management” has become a well-respected profession, with dozens of universities producing graduates with business degrees in the field. Broadly, risk managers specialize in identifying and evaluating risks to the company. The risks are then prioritized and addressed in a manner determined to best protect the assets of the organization.