What should contract managers monitor to ensure effective performance?

Monitoring progress towards organizational objectives is crucial for contract managers because it directly relates to the overall effectiveness of a contract and its contributions to the organization's goals. By ensuring that contracts align with and support the strategic aims of the organization, contract managers can assess whether the terms of the contract are being fulfilled in a manner that advances these objectives.

Tracking this progress allows for adjustments to be made if the project veers off course and ensures that the resources invested are yielding the expected benefits. This focus on aligning contracts with broader business goals enables proactive management and enhances the organization's ability to achieve its mission.

Monitoring other aspects, such as the development of new products or legal compliance, while important in their own right, do not encompass the entire scope of performance measurement in relation to organizational success. Similarly, employee job satisfaction is integral to a positive work environment, but it does not necessarily reflect the performance outcomes linked to contracts and their strategic significance.