Contract types are grouped into two broad categories - fixed-price and cost-reimbursement contracts. Often used in military and government contracts, fixed-price contacts put risks on the side of the contractor to control costs. Through presentations and practical exercises, learn the advantages and pitfalls associated with fixed price contracts. Gain appreciation for entering a fixed price contract effort during proposal development with persons highly knowledgeable in fixed price contracts managing cost and project timeline portions of the proposal. Grasp the potential business implications inherent with fixed price contracts.
Course Topics Include:
- Fixed price frame of reference
- Fixed price project management challenges
- Acceptance of work and deliverables
- Scope creep
- Practical exercises for each main topic
Course not available for public enrollment at this time.
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