Contract risks - risk factors Consider the contract with the client. Also consider the contracts with partners and subcontractors. Well defined and appropriate objectives can reduce efficiency and uncertainty. However circumstances can change rapidly and make the initial objectives inappropriate. Flexible objectives can traded for other changes or as a way of mitigating risks.
Inflexible objectives can become a liability.
Changed requirements of the client can be exchanged for other concessions. However some difficult changes may be demanded unilaterally by the client. Easy objectives can help. Objectives that are exceptionally difficult, either individually or collectively can cause problems. Clear objectives can reduce confusion and open new opportunities.