Reviewing the project management plan


Problem: You have replaced an earlier project manager in a project. The earlier project manager has left the organization and you are now responsible for the project. On reviewing the project management plan you are disturbed because a number of procurement contracts have been signed and they all turn out to be Cost plus fixed fee types of contracts - Why you should be worried? All the risk is now with the seller Seller has no motivation to control cost and infact cost could spiral Contracts should always be Fixed Price None of above

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Project Management: Reviewing the project management plan
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