Contract Review Toolkit
(CRT)
An automated business process for Law Firms or Internal Legal Departments to assess contracts
between corporate clients or Business units and 3rd parties.
www.riesgoriskmanagement.com
info@riesgoriskmanagement.com
September 2009
Project
Management
office
Projects
Legal
Contract
review
Risk
management
Risk register
Contract Review Toolkit (CRT)
www.riesgoriskmanagement.com
www.riesgoriskmanagement.com – info@riesgoriskmanagement.com
2
Introduction
Contract Review Toolkit (CRT) is a web based solution that enables Law Firms with Corporate Clients
or Internal Legal Departments serving their Business units to:
1. Automatic project alerts - Automatically receive project alerts from Project Managers or
Project management office about new projects
2. Risk survey – the risk survey is completed by the Project Manager and has a risk rating
calculated automatically calculated based information provided for the project.
3. Contract review alerts – an automatic alert is sent to the Legal Department or Law Firm
indicating details of the project, objectives, 3rd parties involved and project deadlines. The
Lawyers can then draft an adequate contract or amend the standard contract to fit the
project objective. The activities can include:
a. Contract drafting
b. Contract amendment
c. Risk identification & mitigation
d. Risk registration on the risk register
4. Project approval - once the contracts have been sorted out, the Lawyers will be able to
approve the project for launch. The project is then stored in the project register with the
option to review at a certain date.
Risk survey
Contract
review &
amendment
Risk
mitigation
Approval &
launch
Project
registration/
amendment
Contract Review Toolkit (CRT)
www.riesgoriskmanagement.com
www.riesgoriskmanagement.com – info@riesgoriskmanagement.com
3
CRT process
The CRT allows the Project management office to initiate projects along with the project
documentation to