The buck stops here

the owner's legal and practical responsibility for strategic project management

Project owners bear the brunt of intensive interrogations from stakeholders, regulators, public interest advocates, and contractors. They also shoulder the primary repercussions of most project mishaps, including increased costs, delayed schedules, and deficient performance. This article examines the legal principles that owners--including corporate boards of directors--can use to navigate the challenges involved in realizing projects. In doing so, it discusses the owner's traditional project role as well as their responsibility for defining their project's guidelines; it examines cases that have pushed forward more rigorous standards for project owner performance. It then explains the owner's responsibility for the project roles they choose to play, responsibilities that affect project implementation, responsibilities that involve contract decision-making and contractor selection as well as the contract form and the owner-contractor relationship.
member content locked

Become a PMI member to gain access

or Join

Advertisement

Advertisement

Related Content

  • PMI White Paper

    Agile Regulation member content open

    By National Academy of Public Admiistration | PMI The National Academy of Public Administration recently presented the results of a year-long effort to identify the Grand Challenges in Public Administration.

  • Project Management Journal

    Crises and Coping Strategies in Megaprojects member content locked

    By Iftikhar, Rehab | Müller, Ralf | Ahola, Tuomas This study focuses on crises in megaprojects and on the strategies used to cope with them

  • A Roadmap to PMO Excellence member content open

    By Farid, Sam In the world of the PMO, strategic thinking is not enough—agility and adaptability are crucial for overall survival and sustainable growth.

  • PM Network

    China responde con un rugido member content open

    El repunte de China de una recesión inducida por una pandemia es real y está acelerando una explosión de actividad de proyectos.

  • PM Network

    China Roars Back member content open

    China's rebound from a pandemic-induced recession is real—and it's accelerating a burst of project activity.

Advertisement