Page 426 - Global Project Management Handbook

20-14 MANAGEMENT OF THE PROJECT-ORIENTED COMPANY

to achieve mutually consistent objectives. Project partnering is a form of contract that
helps to achieve this where the client and an external contractor both control the risk and
must work together to reduce it.

REFERENCES

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Jensen MC. 2000. The Theory of the Firm: Governance, Residual Claims, and Organizational
Forms. Cambridge, MA: Harvard University Press.
Levitt B, March JG. 1995. Chester I Barnard and the intelligence of learning, in OE Williamson
(ed.), Organization Theory: From Chester Barnard to the Present and Beyond, exp. ed. New
York: Oxford University Press.
Scott R (ed.). 2001. Partnering in Europe: Incentive-Based Alliancing for Projects. London:
Thomas Telford.
Turner JR. 2003. Farsighted project contract management, in JR Turner (ed.), Contracting for
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Turner JR, Müller R. 2003. On the nature of projects as temporary organizations. Int J Project
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