All IT projects carry risk.
Good projects have the risks assessed and mitigation strategies worked out in advance together with clear indications of the potential costs or business impacts of those risks being invoked.
Meritec recognises that implementing new IT can present a significant impact for the business – risk assessment and risk management are strong attributes we provide to our clients. The risks can present themselves at any stage of the project lifecycle: procurement, implementation or live running.
Using our experienced consultants we can help you to transfer or share risk and directly correlate your project outcomes with payment and cost including who is responsible for what and how success is measured.
It is of great advantage to the client if the IT suppliers (software, hardware, etc) can be negotiated to take some share of the risk and where payment can be related to the successful achievement of agreed milestones and tasks. Meritec has substantial experience of negotiating such contracts with suppliers on behalf of clients.
We can also work on a “risk and reward” basis. This is where we agree in advance with the client what our joint objectives and responsibilities will be and how they will be measured, the client then pays in accordance with achievements (usually a percentage of any savings and/or reduced risk we negotiate on their behalf).
Alternatively Meritec can carry greater responsibility for the project (see project management) including the risks and this can be undertaken for a fixed price agreed in advance.