by CIO Staff

3 Ways to Resolve a Fight

Feb 01, 20041 min

Mediation Arbitration Litigation
Time Weeks Months Years
Cost Significant High Extremely high
Evidence and witnesses No Yes Yes
Result is binding Rarely Usually Always
Level of antagonism Low High Irreparable
Potential to save project Yes No No
Public record No Rarely Yes
Why do it? ¿ave the project ¿esolve major disputes ¿etrieve losses
¿ave the relationship ¿top the bleeding ¿eclaim reputation
¿esolve minor disputes ¿pur settlement ¿pur settlement
Source: CIO reporting