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.