Consider a project with a xed price contract, where the owner has previously worked with the contractor. Calculate the probability of contractor failure in that project assuming the following scenario: 0 No information from the contractor was requested by the owner and no inquiries regarding the contractor's recent performance were made 0 No cost monitoring was performed 0 Senior management was \"very supportive" to the project manager 0 The project manager was involved in the project 1 month early 0 The anticipated project duration at contract award was 16 months 0 From the owner's perspective, what would you do to reduce the changes of contractor failure