Step 7: Identify risk factors for the collaboration

Step 7: Identify risk factors for the collaboration

Make a list with partners of potential risks to the collaboration

Consider:

  • What risks might be involved in setting up and starting the collaborative partnership?
  • What risks might be involved in organizing the partnership?
  • What risks might be involved in meeting the timelines for the collaboration?
  • What risks might be involved in meeting the objectives of the collaboration?
  • What risks might be involved in not having all the resources/funding needed to manage the partnership?
  • Are there any liability issues (insurance, collective agreements, funding obligations, legal situations, confidentiality requirements, intellectual property)?
  • Are there any other risks to consider?

Be proactive in developing strategies to deal with the risks

Consider:

  • Have the partners concurred on methods to deal with the risks (accepting, transferring, mitigating or eliminating the risk)?
  • Have specific steps been decided upon to address these risks?
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