Establish a stakeholder communication plan for managing your contract portfolio, particularly for high-value or high-risk contracts. Develop a structured schedule for communicating contract milestones, performance updates, and renewal statuses with internal stakeholders such as [legal team], [finance department], and [operations managers]. Use project management tools to assign tasks, track progress, and ensure that key stakeholders are kept informed about contract developments. Make sure to align the communication plan with business goals and key performance indicators, ensuring that it supports overall contract management objectives.