Final answer:
Project organizations often establish explicit requirements in their contracts with suppliers and customers to share risk. This formal approach to risk management clarifies responsibilities and promotes collaboration when dealing with project uncertainties.
Step-by-step explanation:
Many project organizations create relationships with suppliers and customers that include explicit requirements for risk to be shared among those involved in the project. When companies enter into project agreements, they often define specific terms and conditions about how risk is to be managed. This level of detail ensures that all parties are aware of their responsibilities and helps prevent misunderstandings regarding risk allocation. The use of explicit risk-sharing requirements is especially important in complex projects where uncertainty can be high, and stakes are significant. These formal agreements are vital for the clarity they provide and for fostering a collaborative approach to managing potential issues that may arise during the course of a project.