Is shared jointly among the partners which encourages innovation and continuous improvement? In partnering, risk is shared jointly among the partners, which encourages innovation and continuous improvement while traditionally risk is to be avoided and transferred to the other party.
Which of the following is true in regard to negotiation when managing projects? Which of the following is true in regard to negotiation when managing projects? It cannot be viewed as a contest. Contracts establish long-term commitments in the partnering approach while single project contracting is normal in the traditional approach.
Which of the following would be included in best practices in outsourcing project work? Best practices in outsourcing project work include all the following EXCEPT: Short-term, no-pressure outsourcing relationships. In regard to outsourcing, the MOST effective way to avoid problems with schedules and deadlines is to: Add a penalty clause to the contract.
Why do firms outsource projects quizlet? Cost reduction. Companies can secure competitive prices for contracted services, especially if the work can be outsourced offshore. Furthermore, overhead costs are dramatically cut since the company no longer has to internally maintain the contracted services. Faster project completion.