The Following Are Differences Between the Partnering Approach and the Traditional

question 52

Multiple Choice

The following are differences between the partnering approach and the traditional approach to managing contracted relationships EXCEPT

• A)Mutual trust forms in the partnering approach where suspicion and distrust are prominent in the traditional approach.
• B)Contracts establish long-term commitments in the partnering approach while single project contracting is normal in the traditional approach.
• C)Access to each other's organization resources is available in the partnering approach but limited in the traditional approach.
• D)Risk is shared jointly among partners in a partnering approach but is transferred to the other party in the traditional approach.
• E)The partnering approach entails significant time and energy while a handshake is satisfactory in the traditional approach.

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Definitions:

Client Specification

Detailed requirements provided by a client regarding the desired features and standards for a project or product.

Resources

Assets, materials, or inputs used in the process of achieving goals or completing projects, including human skills, technology, and financial assets.

Mean

A statistical measure representing the average value of a set of numbers, calculated as the sum of all the values divided by the number of values.

Standard Deviations

A statistical measure that quantifies the amount of variation or dispersion of a set of values.