Project Management

Please login or join to subscribe to this thread

Should PM's post a bond to guarantee a certain level of performance?

linkedin twitter facebook   Stakeholder Management   Strategy   Talent Management  
avatar
Sante Delle-Vergini, PhD Senior Project Manager| Infosys Melbourne, Victoria, Australia
I don't think it will happen (yet) but imagine if a company or client asked you to put up a bond (say 10% of your salary/fee) as security for making sure you meet the mutually agreed upon KPI's set out in the employment or contract document. Would you agree?
Sort By:
avatar
Vincent Guerard Coach - Trainer - Speaker - Advisor| Freelance Mont-Royal, Quebec, Canada
Sante,

You talk about base salary?
Would you put a "Cause Majeur"/"act of god clause"?
...
1 reply by Sante Delle-Vergini, PhD
Mar 28, 2018 8:02 AM
Sante Delle-Vergini, PhD
...
Vincent, maybe not that far ;-)
avatar
Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Sante -

I'd do a quick mental EMV calculation on the expected outcome given the likelihood of success and then decide...

If I was asked to do this before doing a sufficient level of planning then I'd likely walk away unless the salary or fee was enough to cleanly cover the cost of failure.

Kiron
...
1 reply by Sante Delle-Vergini, PhD
Mar 28, 2018 8:02 AM
Sante Delle-Vergini, PhD
...
Very wise Kiron.
avatar
Sante Delle-Vergini, PhD Senior Project Manager| Infosys Melbourne, Victoria, Australia
Mar 28, 2018 7:45 AM
Replying to Vincent Guerard
...
Sante,

You talk about base salary?
Would you put a "Cause Majeur"/"act of god clause"?
Vincent, maybe not that far ;-)
avatar
Sante Delle-Vergini, PhD Senior Project Manager| Infosys Melbourne, Victoria, Australia
Mar 28, 2018 7:54 AM
Replying to Kiron Bondale
...
Sante -

I'd do a quick mental EMV calculation on the expected outcome given the likelihood of success and then decide...

If I was asked to do this before doing a sufficient level of planning then I'd likely walk away unless the salary or fee was enough to cleanly cover the cost of failure.

Kiron
Very wise Kiron.
avatar
Anish Abraham Privacy Program Manager| University of Washington Auburn, Wa, United States
I would definitely try to gather as much information as I can about the organization, its people, its reputation, values, working environment, and culture, and then decide.

Please login or join to reply

Content ID:
ADVERTISEMENTS

"Doubt is not a pleasant condition, but certainty is absurd."

- Voltaire

ADVERTISEMENT

Sponsors







Vendor Events

See all Vendor Events

Newsletters

Jun 3: The Career Problem Facing New PMs
May 20: Your PM Career as a Project Life Cycle
May 13: The Big Lie After Layoffs

See all newsletters