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Legal risk management - Assignment Sample

   

Added on  2021-06-15

10 Pages2947 Words51 Views
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Running Head: Legal Risk ManagementTitleAssignment Name:Student Name:Course Name and NumberProfessorDate
Legal risk management - Assignment Sample_1

Legal Risk Management2Executive summaryThis report will discuss the potential risks and threats that are normally involved in large-scale infrastructureprojects like the Victoria Desalination Project (VDP). The report discusses two risks each at pre-constructionphase, construction phase and operational phase of the VDP project. The report also discusses in brief as towhich party is best suited to handle and minimize that risk. Infrastructure projects also need to have a properframework for any disputes that can happen during the execution of the project. This report discusses twoalternative dispute resolution (ADR) processes namely arbitration and expert adjudication in brief and explainswhy they are better alternatives to the conventional court based judicial process which is more costly and time-consuming. In the final section a few best practices that need to be taken care of while drafting contracts forinfrastructure projects are discussed so that the probability of disputes occurring itself is minimized and projectsare completed on time in the given budget benefitting all the stakeholders involved.ContentsRisks during pre-construction, construction and operational phase of the project.................................................4
Legal risk management - Assignment Sample_2

Legal Risk Management3Party best able to control the risk............................................................................................................................6Two Dispute Resolution approaches suitable for the case study project................................................................7Management of the contract to reduce the occurrence and impact of disputes on the project................................8References...............................................................................................................................................................9
Legal risk management - Assignment Sample_3

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