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'Doing Deals Avoiding Squeals' - An Australian Perspective

Laina Chan

This paper looks at the major project risks, discussing the following: Understanding the true project risks - time/program/liquidated damages/ prolongation, design, output guarantee, quality, cost; Negotiating appropriate risk allocation - reaching appropriate negotiated positions which are acceptable to all stakeholders; Risk mitigation and avoidance - effective risk workshops, understand the true risks and identifying effective controls.