Question: (100%) You are managing a project and have established a legal contract with a vendor who will produce a big portion of the software deliverables

(100%) You are managing a project and have

(100%) You are managing a project and have established a legal contract with a vendor who will produce a big portion of the software deliverables needed for the final deliverable of the project. This is a Time and Materials contract. You're now about % of the way through the project work and have just discovered that an assumption made near the start of the project is wrong. This means the vendor will have to produce more output for you than anticipated. Who has the bigger risk in this situation: You (the buyer) or the vendor? Why

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!