Perform a comprehensive assessment of your current contract portfolio to identify high-priority contracts that need immediate attention or renewal. Start by categorizing contracts based on [contract type], [contract value], and [contract expiry date]. Focus on contracts that have a significant impact on your company’s operations, such as those linked to high-value customers or key suppliers. Use a rating scale of 1-5 to prioritize each contract’s urgency and risk, considering factors such as [renewal terms], [performance obligations], and [penalty clauses]. For each priority contract, outline the next steps for review or negotiation, assigning responsible stakeholders to ensure timely action.