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How will you handle the risk of project cancellation?

What if clients want you to start project ASAP without signing the contract since contracts take1-3 weeks for legal reveiw & approval while project needs to be started ASAP

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Question added by Rizwan Mirza , IT Project Manager / Agile Scrum Master , UnitedHealth Group (UHG)
Date Posted: 2014/04/05
AmanUllah PMP®
by AmanUllah PMP® , Project Engineer , Technical and Industrial Services Co.

well it depends on situation. if you are sure that the contract will be signed , then you can start critical activities... but if the contract approval is not sure one should not start and should convince the client on his point.

Osama Zaki
by Osama Zaki , Lead Planning Engineer , Archirodon

using the risk transfer:

(top management decision / escalation) OR (hiring subcontractor & using the same conditions)

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