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When Using the Traditional Approach to Managing Contracted Relationships, Risk

question 8

Essay

When using the traditional approach to managing contracted relationships, risk is transferred to the other party. Give a real-life example of this. Discuss why this is not conducive of a partnering relationship and how it can impact project innovation.


Definitions:

Salary

A fixed amount of money or compensation paid to an employee by an employer, typically on a regular basis, for performing their job.

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