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  • GA Assignment 1

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    Deepti Dighe
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    The document discusses 5 typical risks a buyer may face in a complex contracting situation: 1) revenue leakage and cost overruns from failing to properly monetize services, 2) scope creep and quality failures from contracts not meeting business needs, 3) contract creation delays impacting revenue, 4) unapproved contract terms making it to execution, and 5) inability to reconcile contract terms and obligations accurately into payments, which can result in financial losses. The buyer should consider these risks and how to respond to them when entering a complex contracting situation.

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    The document discusses 5 typical risks a buyer may face in a complex contracting situation: 1) revenue leakage and cost overruns from failing to properly monetize services, 2) scope creep and quality failures from contracts not meeting business needs, 3) contract creation delays impacting revenue, 4) unapproved contract terms making it to execution, and 5) inability to reconcile contract terms and obligations accurately into payments, which can result in financial losses. The buyer should consider these risks and how to respond to them when entering a complex contracting situation.

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    © All Rights Reserved
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    7 views1 page

    GA Assignment 1

    Uploaded by

    Deepti Dighe
    The document discusses 5 typical risks a buyer may face in a complex contracting situation: 1) revenue leakage and cost overruns from failing to properly monetize services, 2) scope creep and quality failures from contracts not meeting business needs, 3) contract creation delays impacting revenue, 4) unapproved contract terms making it to execution, and 5) inability to reconcile contract terms and obligations accurately into payments, which can result in financial losses. The buyer should consider these risks and how to respond to them when entering a complex contracting situation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    GA-Assignment 1

    Deepti Dighe UIN 677511295

    Consider a complex contracting situation as a buyer. What are 5 typical risks and how you might
    respond to them?

     Revenue leakage and cost overruns - including failure to monetize high value services
    appropriately
     Scope creep and quality failures - including failure of the contract to meet the business
    needs
     Contract creation risk: Are current processes delaying revenue?
     Contract terms risk: Do unapproved contract terms make it to execution?
     Contract execution risk: Can you fully reconcile contract terms and obligations into accurate
    payments?
     Financial risk: Are your contracts going to end up costing you money?

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