Which process involves maintaining configuration control of contracts?

The process that involves maintaining configuration control of contracts is managing changes. This process is critical because it ensures that any modifications to the contract are systematically controlled and documented. Configuration control is essential in contract management as it helps prevent unauthorized changes and maintains the integrity of the contractual agreement.

When managing changes, contract managers must review proposed alterations, assess their impact, and verify that all adjustments are in line with the original terms or any amendments. This includes tracking revisions, obtaining necessary approvals, and ensuring that stakeholders are informed of any modifications. By having a structured approach to managing changes, organizations can safeguard against potential disputes and ensure that all parties remain aligned with the agreed-upon terms.

While other processes such as performing, administering, or closing contracts might involve aspects of contract execution or finalization, they do not specifically focus on the control and oversight of changes throughout the contract lifecycle as effectively as managing changes does.