PM630 Requirements and Risks Assignment PLEASE SEE ATTACHED FILES FOR ASSIGNMENT DETAIL AND INFORMATION!!! Deliverable Length: 600 – 750 words Descriptio

PM630 Requirements and Risks Assignment PLEASE SEE ATTACHED FILES FOR ASSIGNMENT DETAIL AND INFORMATION!!!

Deliverable Length: 600 – 750 words

Description: Requirements and Risks

There are 2 basic types of contracts: the fixed-price contract and the cost-plus contract. Each has several common variations. It is not unusual for any specific contract to have special terms and agreements, so the basic contract is just the starting point. The project manager is most interested in the terms that define and help to control costs, schedule, and quality.

Among the different types of contracts, which contracts do you think would be easiest for ADC to manage, and why? Which contracts would be the most difficult for ADC to manage, and why?

Examples of the contract types include the following:

Firm fixed price
Fixed price with targets
Fixed price at cost
Time and materials
Cost sharing
Cost plus

Within the Discussion Board area, write 600–750 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

Which types of contracts do you think would be easiest for ADC to manage? Why?
Which types of contracts would be the most difficult for ADC to manage? Why?
What specific challenges do you think ADC would face when selecting the ideal type of contract?
What would you do personally to avoid or overcome these challenges? PLEASE SEE ATTACHED FILES FOR ASSIGNMENT DETAIL AND INFORMATION!!!
Deliverable Length: 600 – 750 words
Description: Requirements and Risks
There are 2 basic types of contracts: the fixed-price contract and the cost-plus contract. Each has several
common variations. It is not unusual for any specific contract to have special terms and agreements, so
the basic contract is just the starting point. The project manager is most interested in the terms that
define and help to control costs, schedule, and quality.
Among the different types of contracts, which contracts do you think would be easiest for ADC to
manage, and why? Which contracts would be the most difficult for ADC to manage, and why?
Examples of the contract types include the following:
• Firm fixed price
• Fixed price with targets
• Fixed price at cost
• Time and materials
• Cost sharing
• Cost plus
Within the Discussion Board area, write 600–750 words that respond to the following questions with
your thoughts, ideas, and comments. This will be the foundation for future discussions by your
classmates. Be substantive and clear, and use examples to reinforce your ideas:
•
•
•
•
Which types of contracts do you think would be easiest for ADC to manage? Why?
Which types of contracts would be the most difficult for ADC to manage? Why?
What specific challenges do you think ADC would face when selecting the ideal type of
contract?
What would you do personally to avoid or overcome these challenges?

Purchase answer to see full
attachment