One of the risks anticipated for a project was the late deliveryof the prototype from the vendor. There has been an adjustment tothe project schedule to minimize the impact of the risk, built in apenalty for late delivery, and created action plans in case thevendor delivered late. A risk with the vendor that they have verylittle technical depth has been identified; if the key engineer isnot available to the project, the risk of a delay is even greater.It has been determined how to monitor the vendor’s performance andensure a timely delivery. A very risk-averse, protective approachto the relationship has been
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