skip to Main Content

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Show your understanding of the contract trade-off skills that a project manager

Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates

For This or a Similar Paper Click To Order Now

Show your understanding of the contract trade-off skills that a project manager must possess.
In      Part I, Section, of the PMBOK Guide, review the      following contract types:
Fixed-price       contracts (three sub-types)
Cost-reimbursable       contracts (three sub-types)
Time       and materials contracts
Then,      describe each contract type and explain whether it is the seller or buyer      who prefers that contract type. Provide an example of when each contract      type is generally considered the optimal choice. Add different examples      than those provided in your PMBOK Guide, in the lecture      material, and by your classmates.
Support      your positions with at least one current (no older than five years)      scholarly source, beyond the course materials and textbooks. Here is an      example of what is expected in this discussion using the firm-fixed price      (FFP) contract as an example:
In the FFP, the contractor is paid a fixed price to do a specific job that is described in the contract. The firm-fixed price contract is generally used when the work is well defined. For example, the firm-fixed price contract might be used when putting a roof on a building, where the buyer and contractor have good experience pricing a specific type of roof by the square foot. The buyer would benefit in knowing that the roof will be completed for a set price, but the seller may have to bear the cost of any issues that arise during completion of the job. 
Chapter 4 in Mastering Risk and Procurement
Part1, Chapters 12 & 13 in PMBOK® Guide
Part II, Sections 2.2, 3.23, & 3.24 in PMBOK® Guide
Repenning, N. P., Kieffer, D., & Repenning, J. (2018). A new approach to designing work. MIT Sloan Management Review, 59(2), 29-38.
Smits, K., & Brownlow, R. A. (2017, April/June). Collaboration and crisis in mega projects: A study in cross corporate culture conflict and its resolution. Independent Journal of Management & Production, 8(2), 395-415.
Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK Guide®) (6th ed.). Newtown Square, PA: Project Management.
Stevenson, W. J. (2018). Operations management (13th ed.). New York: McGraw Hill.
Wilson, R. (2015). Mastering risk and procurement in project management: A guide to planning, controlling, and resolving unexpected problems (1st ed.). Upper Saddle River, NJ: Pearson.

For This or a Similar Paper Click To Order Now

Why Choose Us?

Unique Papers

There is no way that you will find any copied and pasted materials in your work. We do not rewrite or recycle previously-written papers.

Super-Urgent Help

Anything can happen, and sometimes you may find that you only have a couple of hours for an essay. Even if you find this impossible, we can help.

High Quality for a Cheap Price destroys the stereotype about professional quality and its cost. Here you will get a stunning paper for a low rate.

Reliable and Attentive Writers

You can count on your writing partner because s/he will never let you down. All of our helpers have Ph.D. and master’s degrees, professional knowledge, and advanced English language skills.

Back To Top