It's not uncommon for business functions to lay claim to ownership or proficiency in another domain - but that doesn't make it right.\r
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In the case of contract management, the procurement, legal and project management functions are among those who assert it is 'theirs', that it is in some way a sub-set of what they do. That is, they make that claim until things go wrong - at which point it conveniently becomes someone else's fault.
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