Hi Barbara,
Focal Point is a Portfolio Management tool and CLM does not provide traditional PPM capabilities, but you are correct, it could be configured to do some of the things you want to do while also adopting a more agile/lean approach. I'm not familiar with Contracts in Focal Point, but depending upon what you do with that kind of "artifact" in FP, you certainly could configure something similar in RDNG and I agree that the SAFe Portfolio level would be the right place to do that.

Feel free to reach out to me directly (asilber@us.ibm.com) if you'd like to explore this a bit.

Amy