Risk Analysis

First Published:

Last Updated:

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.

Related Posts

Leave a comment