Successfully Managing Contract Risk

  • Source: Pertmaster
  • Written By:
  • Published:
  • (Originally Published On:) )
Contractors and subcontractors are both exposed to risk within a project. Thus, it is equally important to both parties that formalized risk management be carried out, not to eliminate project uncertainty, but to understand the potential impact of risk events and to plan risk responses.

Featured Software Research:

Best Practices for Managing Just-in-time (JIT) Production

Just-in-time (JIT) manufacturing “is not procrastination, but making a commitment once the scales are tipped in the favor of certainty.” How do you keep your company from falling prey to the “deer-in-the-headlights” syndrome and suffering from decision failures? In this guide, experts share their top seven best practices for deftly managing JIT manufacturing. Read More

CMMS vs EAM: What Is the Difference?

  • Source: IFS
  • Written By:
  • Published:
Every enterprise asset management (EAM) application can be used as a computerized maintenance management system (CMMS), but not every CMMS can be used as, or has the broad functionality of, an EAM application. More specifically, CMMS is essentially about managing maintenance work necessary to sustain an asset, whereas EAM has more to do with managing the asset over its lifecycle to minimize cost and risk while maximizing return. This white paper explores how CMMS applications and EAM applications... Read More

You may also be interested in these related documents:

Mitigating Compliance Risk from Third Party Intermediaries

Compliance officers need steady nerves to manage the legal and compliance risks posed by third-party intermediaries. Regardless of how well respected the third-party organization, how well written the contract, or how well established the brand company’s in-house compliance program, compliance requires effective third-party risk management. Read this paper and know the 5 critical steps in managing third-party compliance risk. Read More

The Executive Guide to Contract and Chargeback Management

Life sciences companies are struggling to manage large group purchase organization (GPO) contracts, process chargeback submissions, and ensure that pricing policies comply with regulatory requirements. Costs and risks are escalating as these demands outstrip the capabilities of existing systems. Learn how contract and chargeback management solutions can help you maximize growth while limiting regulatory risk. Read More

Case Study: Western Electronics

As a contract manufacturer, Western Electronics makes assemblies for its customers. This translates into a huge volume of data being exchanged—and an exponentially greater number of engineering changes to manage. The company was challenged to take control over its processes—especially bill of materials (BOM) management—and lead its customers into following best practices. With its new change management solution, the company is confident it has an accurate history and the latest... Read More
comments powered by Disqus