What types of contracts do you think will be appropriate

Reference no: EM132200360

Question: Place yourself, for the moment, in the following scenario: You are a buyer, managing an outsourced software development project in which specifications and requirements may change drastically throughout the project life cycle. Now think of yourself as the supplier in this scenario.

Think about how different types of contracts might be administered within such a dynamic project context. What are the risks? How does supplier performance relate to contract management?

First, imagine you are the buyer. What specific types of contracts do you think will be appropriate in this situation and why? How is the risk distributed among the parties and what are the incentives for the parties to assume that risk? What regulatory requirements need to be considered?

Then imagine you are the supplier. What types of contracts do you think will be appropriate in this situation and why? Who bears the greatest risk? Who should be responsible to remedy the result(s) if risks materialize? How could these risks be mitigated?

Reference no: EM132200360

Questions Cloud

Write a function tokgs which accepts weight in pounds : Write a function "Tokgs" which accepts weight in pounds from user and convert this weight into equivalent kilograms using returning value functions.

Write a function template sort that takes two references : Write a function template sort that takes two references to generic objects and switches them if the first argument is larger than the second.

Calculate competitive market equilibrium price and quantity : Old cellular phones generate a negative externality when they are consumed because they lead to environmental damage when they are discarded.

Write a computer program to calculate the potential v : Write a general computer program to calculate the potential V, E, D, Q+ and the capacitance C between two conducting surfaces separated by a dielectric material

What types of contracts do you think will be appropriate : Then imagine you are the supplier. What types of contracts do you think will be appropriate in this situation and why? Who bears the greatest risk?

Write a function that takes as input a real number : Write a function that takes as input a real number and checks to see if it is divisible by 5.

What role does the rate of profit play in mercantilist : What role does the rate of profit play in Mercantilist, Marxist, Smithian, Solovian and the Lewis models of economic growth?

Write a function that swaps two variables : Write a function that swaps two variables. In your main function ask the user for two numbers and save them in two variables,say x and y.

What is the maximum number of shares : If the issuing price is $15 per share, what is the maximum number of shares the issuing firm can retain in this issuance

User Account

All Pages