Initiating
High-Level Schedule
Contract Review
How to Review a Contract?
Step 1: Understand what you expect and want out of the contract.
Step 2: Review the contract’s action sections to ensure proper documentation of deal terms.
Step 3: Read the rest of the contract to ensure everything else aligns with your expectations.
Why is it important to review the contract?
Reviewing the contract is a necessary process to help you understand the scope of work, be aware of your obligations and other party obligations, protect yourself against any misunderstanding of the terms and conditions, and define the project risks.
Drafting Contracts
Subcontract Agreement
What is it?
A legal document that explains the responsibilities of a subcontractor. The subcontractor is legally required to perform the duties outlined in the agreement and follow any rules defined in the master agreement.
Protecting Yourself From Liability
By creating a legally sound subcontractor agreement, you’re protecting your business if things ever get out of hand. We recommend you employ these types of contracts to ensure that all parties are on the same page.
Risk Register
What is it?
A risk register is a document used as a risk management tool. It fulfills regulatory compliance by acting as a repository for all risks identified and includes additional information about each risk. Such as the nature of the risk, reference, owner, and mitigation measures. It can be displayed as a scatter plot or as a table.
Purpose
Risk registers provide project managers with a list of risks identified, stated clearly, and assessed according to their importance to meeting project objectives. The risk register can lead directly to risk handling, such as risk mitigation.