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Managing Risks in Subcontracting

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There is a puzzle in regard to risk. What is management's responsibility regarding risk? At what level(s) does each aspect of risk management lie? How does this changing risk change the relationship of sub-contractors? How might they add or subtract from risk?

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Solution Summary

This excerpt discusses how easily risk and responsibility can shift during the lifecycle of a project.

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Subcontractors don't normally have to abide by the same rules as everyone else. Of course they must adhere to the general guidelines that have been set by executives and the government, if the project is federally funded, but a parent company isn't always going to have the time to ...

Solution provided by:
Tamara Daniels, MS
Education
  • Master Online Teacher Certificate, University of Illinois
  • MS, National Louis University
  • MA, National Louis University
  • BA, University of Illinois
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