The CMMM consists of five levels of maturity ranging from an ad-hoc level (Level 1), a basic, disciplined process capability (Level 2), a fully established and institutionalized processes capability (Level 3), a level characterized by processes integrated with other corporate processes resulting in synergistic corporate benefits (Level 4), and finally, to a level in which processes focused on continuous improvement and adoption of lessons learned and best practices (Level 5).
The CMMM gives the organization a greater degree of visibility and granularity into its contract management process by dissecting the process into six key process areas.
The CMMM provides the organization with a detailed roadmap for improving the capability of its contract management processes.
In measuring an organization's contract management process maturity, the CMMM focuses on the organization's implementation of key practice activities within each key process area.
These contract management key process areas and key practice activities are the major components of the CMMM and are an integral part of the Contract Management Maturity Assessment Tool (CMMAT).
Figure 1 (page 56) illustrates the CMMM reflecting the five levels of maturity and the six contract management key process areas for both buyers and sellers.