Demand for CM strategy

The Malta Auditor General has called on government to develop a clear and comprehensive strategy on outsourcing of services and give greater attention to contract management, reports Times of Malta.

The National Audit Office found limitations in contract management. These include missing, incomplete or inconsistent information relating to the provision of clerical, reception and internal security services.

Payments affected in respect of internal security services were not always covered by the necessary authorisations, mainly because of a miscalculation in the budgeted contract cost and the delay in approving the correct contract amount.

Logicsoft International has released Manage Assets, an integrated solution to address IT asset tracking, complaint management requirements and contract management, says Newswire Today.

This software solution has been defined and modelled around the IT Infrastructure Library standard guidelines for asset management and tracking.

The latest release focuses on RFID integration and also assists enterprises in tracking the complete incident history of assets.

The worldwide market for enterprise asset management is expected to grow at a compounded annual growth rate of 3.2% over the next five years, states ARC Web.

The market was $1 856 million in 2008 and is forecasted to be over $2 178 million in 2013, according to a new ARC Advisory Group study.

As part of this trend, service contract management is expected to increase, it includes the creation and management of contracts and service agreements.