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Complexity is the root cause of many contract failures - IACCM APAC Conference 2019

Published: 30 Jul 2019 Average Rating: unrated Print
 

Author: Brett Nan Tie, Management Consultant, Brooke, Management Consultant, Brooke

Brooke's global research has identified that there are two key drivers of complexity: uncertainty and intricacy. This research also found that we tend to be better at handling Intricacy than uncertainty. We need to think differently about how we manage uncertainty in contracts. The focus needs to shift to building capabilities within and between contracting parties to collaborate and to solve problems when they arise. In this session we will discuss how to
• Move away from master-slave contract relationships
• Focus on value creation, not just risk allocation
• Develop the capability to agree mutual outcomes
• Put in place the tools, processes and skills to jointly solve problems

 

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