Question 1. Process of managing expectations is essential in creating and maintaining a successful business partnership. This process can take years to accomplish. Why?
Question 2. Project managers must understand all aspects of a contract. A definition of a contract needs to be discussed in the context of laws practiced in the U.S. and in the other countries. Explain
Question 3. A discussion is needed to describe the contract management process and the three main phases. The difference between buyers and sellers approach in the first phase needs to be discussed. Explain
Question 4. The second phase of contract management needs to be discussed with an emphasis on team preparation. Explain.