Incentive Contracts?; They Really Are a Risk-Management Tool
- Tags:
- Business Operations,
- Sales,
- Risk Management,
- Purchasing & Procurement,
- Procurement,
- Incentive,
- Financial Services,
- Financial Planning,
- Finance,
- Contract,
- ...
- Source:
- Square Peg Consulting
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Overview: Many project managers do not think of contracts, particularly incentive contracts, when the project team is busy working on their risk management plan. More often than not, when it comes to contracts the first thing that comes to mind is that contracts are a procurement vehicle to buy what the project needs. And indeed they are. Simple contracts, like purchase orders to vendors for parts and supplies, are largely procurement instruments designed to buy what the project needs with little thought toward risk management. But what the authors want to discuss in this paper is the negotiated incentive contract that has larger purposes than just the channel by which goods and services, facilities and tools, and research and development are procured.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Oct 2003 | Pages: 5
