The purpose of this assignment is for you to understand trade-off skills that a project manager must possess.
Click on the attached link to read “Contracts: Their Influence on Projects,“ from your textbook. Then, answer the following five questions:
- What is a firm-fixed price contract?
- What is a fixed-price-incentive-fee contract?
- What is cost-plus-incentive-fee contract?
- What is cost-plus-award-fee contract?
- What is cost-plus-fixed-fee contract?