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The Importance of Project Risk Management for A&E Firms

Progressus

In the highly competitive A&E marketplace, knowing and anticipating a project’s expenses correctly provides a definite advantage when competing for a contract. But, even in the best of circumstances, cost estimating is complicated and there are myriad risks and uncertainties to consider. It requires both science and judgment.

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Creating a Risk Register: All You Need to Know

Epicflow

One of the important components of project risk management is creating a risk register. Risk Register: Definition and Purpose . A risk register (or a risk log) is a document that presents detailed information about potential project risks, their priority, impact, responses to them, and risk owners [1].

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How AI Is Changing Contracts

Harvard Business

Contracting is a common activity, but it is one that few companies do efficiently or effectively. These firms have generally seen an increase in productivity and efficiency in their contracting. And it can reduce the risk of human error in contract drafting and review. New Processes Require New Skills.