Change Reasons for Project Contracts

Description

This Skill Bit shows that project contract changes can arise from various factors affecting scope, timeline, and resources. Key triggers include scope adjustments, budget revisions, schedule changes, resource allocation, regulatory compliance, force majeure events, quality standards, technology updates, client requests, vendor changes, contractual errors, change orders, disputes, risk mitigation, and performance improvements. Effective management and communication ensure these changes support project success.

Duration approx. 5 Min.

Tier: basics