Project Management

Project Management Central

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Topics: Information Technology, New Practitioners, Risk Management
Negotiation with the customer to reduce the risk exposure is a means that -
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The project manager may realize that some terms of the contract and project objectives will not be met. It would be costly and time consuming to meet some specifications. The project has a high degree of exposure to risk at this point. Negotiation with the customer to reduce the risk exposure is a means that -

A. Could eliminate all risk to the project and customer at no cost to either party

B. Could redefine the risk exposure to one of opportunities for both the project and customer

C. Could result in reduced scope for the project and an improved product for the customer

D. May cost less to pay penalties and meet a modified specification to meet the minimum customer requirements

E. All of the above
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I would say any, rather than all, of the above. Perhaps that was what you meant?
I won't vote for A & D but im in between B & C.
B. Could redefine the risk exposure to one of opportunities for both the project and customer

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