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Contract Review / Risk Assessment - (CRA)
Background
In any ERP implementation irrespective of the project size and foot print; the project contract / agreement plays a vital role in terms of program
governance both at an individual or an entity’s level. Across the globe ERP projects are called off on many occasions due to contract clause
deviations / breach led to discontinuity, disputes, arbitrations, legal suits and ultimately terminations.
The underlying factors that eventually results in a project termination revolve around a few vital variants that can ultimately determine the
project’s fate are - project time over run, cost / budget overrun, scope creep, unmatched users expectations, product adaptability, promises vs
delivered resource attrition and external regulations.
2. Prepared by Ramanathan email: srn@rbit.in : Mobile: 971-50-830-1879 (UAE) Page 2
About Contract review / Risk Assessment
In any part of the world the document, content, agreements between parties is the only tool to stand against any dispute in front of any judicial
forum, hence employing diligent contract review and related risk assessment will bring protection to organization interest and its programs with
an added focus towards fair and reasonableness. To add more, in terms of any dispute or arbitrations how to protect organization interest in full
or maximum through the project contract and its content.
Who should look for CRA?
Organization intend to go for ERP program in near future
Early stages of ERP program
Organization who looks for change / amendments in the current program
Shared future benefits of CRA
Protection of organization interest
Awareness of Risks and proposed actions
Internal readiness and awareness before formalizing the deal