Risk Analysis
Monday, November 3rd, 2008 at
8:07 pm
Do a proper risk analysis before bidding for and accepting a project.
- Be especially aware of “first of its kind” projects for yourself, your company, or your industry (industry level is particularly risky).
- If the project is the first of its kind kind in that industry, the client should pay for prototyping, research, etc.
- Be wary of giving warranties on first of kind for that industry.
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