Claims Management Registry
Identifying and addressing issues related to claims during project execution is a serious challenge for all project stakeholders, particularly project managers. The cost and time overruns in a project are generally due to unexpected or unplanned events or risks not factored in during project execution. The claims arising out of these risks affect project outcome. Effective management of claims can reduce the time and cost impact on the project. Claims arise in a project mainly due to lack of clarity in scope and specifications, ambiguities in contract clauses, interface scope with other projects, site conditions and time constraints. Covering various factors and inter-related procedures, this registry for claims management will help professionals in monitoring and archiving the claim settlement history of a project.
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