Law 531 Contract Creation and Management

1738 Words Jun 4th, 2012 7 Pages
Contract Creation and Management
Johnny B Good
LAW/531
April 30, 2012
Professor Law Contract Creation and Management This week assignment is to provide analysis on the Contract Creation and Management simulation provided in the University of Phoenix (UOP) materials website. The simulation involves two companies; Span Systems, a California-based custom e-banking software developer and Citizen-Schwarz AG (C-S), a Stuttgart-based bank with revenues of over $20 billion. Through C-S’s regional offices in the United States, they contracted out Span Systems to develop a Java-based transaction processing software so they can enter the competitive $640 billion retail financial services market in America (UOP, 2002). The contract
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The C-S and Span Systems Project Managers will determine the frequency and location of these meetings. It is anticipated that the beginning of the project will require, at a minimum, bi-weekly meetings. These status meetings can be conducted either in person, via the telephone, or through electronic means namely videoconferencing, e-mails, instant messenger, Internet conference, or any combination thereof. The output of these meetings will be minutes, which will serve as the project status reports. The reports will be transmitted to the C-S Project Manager (via facsimile, e-mail or any other means mutually agreed to by the C-S and Span Systems Project Managers respectively (UOP. 2002).
Pros - The change in the project management structure at C-s has been a key reason for the delay in delivery of work products. Reviews of the deliverables have not happened as planned leading to slips in schedule (UOP, 2002).
Cons – There needs to be evidence of the delay in C-S turnaround times to substantiate this claim.
Span Systems’ attorney sent the negotiation points to C-S and although C-S agreed that they were some faults from their side but were still concerned about the schedule slippage and the timeline that has to be met. Span Systems’ attorney suggest that instead of arguing contract clauses, which may be counter-productive in the long run,

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