Recognizing Contract Risk and Opportunities Case Study

Recognizing Contract Risk and Opportunities - Case Study Example 1. C-S has demanded immediate transfer of all unfinished code; asserted rescission of contract. 2. C-S claims SPAN'S deliverables low on quality and behind schedule. 3. Requirements have grown disproportionately since originally determined 4. Difficulty to accommodate the requirements within earlier budget and timelines. 5. C-S's approval and review times were affected due to change in project management structure Several guidance are listed below to be review and perform by both parties to ensure that the simulation had provided assurance. They bear the primary responsibility to identify the strategies involved, thus reducing the risks associated with the legal benefits from the opportunities found din the simulation. 1. Conduct risk assessment of the system done in the contract. 2. Map identified risks to the applicable system. 3. Select a technology based on technical guidance. 4. Validate that the implemented system has achieved the required level. 5. Periodically reassess the system to determine the refreshed requirements. Like any contract creation and management simulation required considerations, it is very important that the benefits listed below, are to be taken into account. It is also important to match the required level of assurance against the cost and burden of business policy and technical requirements of the chosen solutions 1. Increased speed of any transaction 2. Increased partner's participation and costumer's satisfaction 3. Improved record keeping system efficiency and data analysis opportunities. 4. Increased employee productivity and improved quality of final product. 5. Greater information benefits to the public. 6. Improved security 7....Every thing that is to be written in it must come, and agreed from both ends. Based on the data gathered, the following needs to be studied to be included in the contract: User and system requirements have grown since originally determined in the system study stage, making them difficult to accommodate within the originally agreed upon cost and timeliness. Ordinary requirements changes had been agreed to in the contract, the actual change request have been anything but ordinary. Also C-S's approval and review times have been affected lately due to change in its project management structure. Several guidance are listed below to be review and perform by both parties to ensure that the simulation had provided assurance. They bear the primary responsibility to identify the strategies involved, thus reducing the risks associated with the legal benefits from the opportunities found din the simulation. Like any contract creation and management simulation required considerations, it is very important that the benefits listed below, are to be taken into account. It is also important to match the required level of assurance against the cost and burden of business policy and technical requirements of the chosen solutions The project is a complex multi-faceted project that involves sales, contract administration, finance, and service organizations.