DEVRY PROJ 410 Week 2 DQ 1

1
UOP PROJ 410 Week 2 DQ 1

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• Assume that you have made the final payment on a
  one-acre residential lot that you purchased years
  ago to build your retirement home. You are now
  ready to build your dream home. This will be your
  ongoing project for the next couple of years.
  Which contract structure (fixed price, unit
  price, reimbursable) do you think that you would
  use to proceed with your project? Explain your
  choice.
• What are the four basic contract pricing options?
• What are five options of cost reimbursable
  contracts?
• In what situation a company is best to use a unit
  price contract?  In what situation, a company is
  best to use cost-plus-percentage-fee contract?
• What are the differences among a fixed price
  contract, a time and materials contract, and a
  reimbursable contract in terms of how well
  defined a BPO contract needs to be relative to
  price, scope and schedule prior to the
  commencement of any work/services?

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• Class, do you feel the length of the contract
  also has some influence on the contract type you
  choose? Why or why not?
• What are the challenges for an owner in tracking
  a reimbursable contract?
• When does a contract manager prefer a fixed fee
  contract over a reimbursable contract (or vice
  versa)?
• How many companies do you think go through
  outlining their business objectives, and then use
  these to guide the selection of a contract
  structure, rather than letting financial
  objectives and risk factors alone determine the
  decision?
• If your company decided to make you a manager for
  your division, but began outsourcing all the
  personnel that work beneath you, which contract
  type would you recommend they implement?
• What are the key contract issues?  Pick one of
  them and elaborate on it.