Document background
The Contract Management Risk Assessment Matrix is developed to address the growing complexity of contract management and associated risks in the Canadian business environment. This document becomes essential when organizations need to systematically evaluate and manage risks across their contract portfolio, ensuring compliance with both federal and provincial regulations. The matrix includes detailed risk categories, assessment criteria, mitigation strategies, and monitoring protocols, serving as a crucial tool for risk governance and decision-making. It is particularly valuable for organizations dealing with multiple contracts, complex stakeholder relationships, or operating in highly regulated industries. The document supports compliance with Canadian contract law, privacy regulations, and industry-specific requirements while providing a standardized approach to risk assessment and management.
