Contract Creation and Management

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Running head: Contract Creation and Management

Contract Creation and Management

Steve Case, Ahmed Elsayed, Christopher Fischer,

Laura Kuderick, Kayla Stoker, and Marilyn Waegner

MBA560 Enterprise Risk

University of Phoenix

Paul Forshey

April 2, 2007

Contract Creation and Management

This paper will scrutinize the Contract Creation and Management Simulation scenario. We will look at the current contract and identify the shortcomings or areas of the contract that needed to be amended or changed. In the scenario we had Span Systems and Citizen Schwartz AG (C-S) in a contract. Span Systems was responsible for creating computer software, with outlined requirements, for C-S. Some variables changed along the way and the contract was not changed to address these variables. There were also some errors uncovered with regards to underestimating requirements. This paper will identify the issues by looking at the following areas in the contract: performance, change control, project structure, communications and reporting, and dispute resolutions. These issues will be transformed into opportunities by offering recommendations to change the contract that will allow Span Systems and C-S to maintain their agreement and foster a good future business relationship. First, we will