There are different types of fixed-price contracts and cost-reimbursable contracts that can be used when using an external party to help with a project. Another option is to use something called a time-and-material contract. There are benefits to using each type, depending upon the situation. Choose one type of fixed-price contract and one type of cost-reimbursable contract. Briefly describe them. Give a project example where each one would be best to use
There are different types of fixed-price contracts and cost-reimbursable contracts that can be used when using an external party to help with a project. Another option is to use something called a time-and-material contract. There are benefits to using each type, depending upon the situation. Choose one type of fixed-price contract and one type of cost-reimbursable contract. Briefly describe them. Give a project example where each one would be best to use
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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There are different types of fixed-price contracts and cost-reimbursable contracts that can be used when using an external party to help with a project.
Another option is to use something called a time-and-material contract. There are benefits to using each type, depending upon the situation.
Choose one type of fixed-price contract and one type of cost-reimbursable contract. Briefly describe them.
Give a project example where each one would be best to use
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