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PM 598 Contract Types Discussions 1 Week 3
Using alternatives specified in the PMBOK® Guide, discuss what kind of contract pricing might be best for the following procurement situations. Arrange to select a topic “round-robin style” so that you select the next topic that has not already been discussed. Which of these topics are better served using one of these contract vehicles: Fixed Price, Cost Plus (Cost Reimbursable), or Time & Material contracts? Be sure to define each of these contracts before aligning a topic.
1.Adding a room to your home
2.Landscaping your company’s grounds
3.Developing a new software module
4.Purchasing new desktop computers
5.Conducting a survey of employee attitudes