Situations which do not require TRUST

Know how to assess situations to establish whether trust is required and or useful or whether trust is not required and will add nothing to the situation.

Knowledge Node Summary

IN many situations the giving of a service or item requires trust that payment will be received. If Trust can be established, the service given can be complete and extensive and receipt of payment at some later stage can be assured. However, it is possible to minimise the need for trust by reducing the intervals between PART service delivery and payment. In this way, the giver of the service has less to lose if payment is not received.
In other situations where an equally mutual benefit is to be delivered between parties acting to deliver a service, then if any party fails to deliver, all parties will be disadvantaged equally. Trust might not be needed because all parties in the agreement stand to lose equally if the venture fails.

A summary of expert opinion:

The knowledge named 'Situations which do not require TRUST' is considered to be very important.
In addition, the knowledge is thought to be rather complex and difficult to learn, it is generally learned from experience, and is practically justifiable knowledge.
The learn time for this node given an understanding of the prerequisites, is about 2 years. The estimated learn time for the entire knowledge structure of this node is about 3 years.