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?

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