Risks associated with proposed changes to the contractual arrangements

Proposed changes to contractual arrangements involve two forms of risk:

•  the risk that the change process is not managed effectively; and

•  risks to the ongoing success of the project that result from the proposed change.

As part of the process for managing risks in the change process, the risks to the ongoing success of the project that result from the proposed change should be identified, assessed and allocated, and appropriate mitigation strategies should be put in place.