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Contractual stipulations allow the project manager to transfer liability for a problem to another party, which opens the door to benefits, such as the subcontractor

Contractual stipulations allow the project manager to transfer liability for a problem to another party, which opens the door to benefits, such as the subcontractor having to pay for damages, schedule delays, and so on.

  • Discuss the role that risk management plays in contracting and contract administration.
  • Examine what an organization can do to minimize problems arising from broken or inadequately fulfilled contracts.
  • Share an example from your own work experience or from materials you've read in the course so far.

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