Sample Solution

On top of that, labour management alone is a time-consuming and also considered has a slow pace of information transfer. It is delaying the time for a claim, especially for those strong timeliness project. If certain information is unable to pass up during the claim researches in a certain time limit, the claim might go to fail and a possibility of gaining loss after that may occur. This will cause the contractors unable to participate in international market competition due to the failure to meet the requirements of the claim file and its illustrative materials which are long and time-consuming during compiling and reviewing. Therefore, it is essential to use modern advanced computer technology in the daily routine for contracts management work for the improvement of a project in operating management level effectively and efficiently. Next, this may create a shield for claims personnel and also the claims archives management staff from heavy work.

The importance of information management in the management of construction contracts has been highlighted, if a leader in a business does not give attention and supports, it may cause a direct impact on the quality of information seriously. Also, it may bring the entire project a serious quality defect only because of a message error. More importantly, Information management can help an organization to get the right information to the right person at the right time with a smooth receive to avoid the error in the project. Information management can also help to keep the record. A company needs records of its activities for financial and regulatory purposes as well as for finding the causes of problems and taking corrective action. The information system stores documents and revision histories, communication records and operational data. This information is very helpful for preparing cost estimates and forecasts.

Stakeholders of the project and the relationships among them on a hierarchy.
A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. Stakeholders can be internal or external. Internal stakeholders are people whose interest in a company comes through a direct relationship, such as employment, ownership or investmen