Strategic Partnership – An Imperative for Project Management in Multiplayer Setting

Abstract

Success or failure of projects depends on factors ranging from technical complexities, environment, stakeholders, client-contractor and contractor-subcontractor contracting strategies. Over the years, Project Management has expended a lot of effort on monitoring and controlling outcomes at the expense of strategic implementation of structures required for integration of the different project players.

This paper looks at the use of strategic partnership in realising organisations’ project objectives through reduction of interfaces and improved coordination of dependencies. The issues around project performance improvement and challenges are further reviewed from Project Management functional and Relational Contracting perspectives.

The paper concludes that there are potentials for better performance results if project contributors are integrated into a team with a common focus on delivery. To achieve this, the contracting strategy will need to focus maximization of individual expertise through Relational Contracting and ensure ab initio equitable distribution and assumption of risk by the one who ultimately bears them – the client.

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