Some time back, we covered the Cost Plus Incentive Fee Type of Contract Calculations, which is a “must know” for the PMP exam. Also watch the video on How to Answer Contract Type Questions for PMP exam. In the recent past, there have been many questions coming from a relatively unknown term – Point of … Read more
By Vinai Prakash One of my PMChamp PMP Coaching Workshop students, Locksley asked me an interesting question regarding contract calculations. Most questions in the PMP exam from the Procurement Management Knowledge Area are about the different types of contracts, and choosing the best type of contract in a particular situation. But this one was different… … Read more
By Vinai Prakash Many PMP Questions from the Procurement Management Knowledge Area focus on the different Contract Types. However, many project managers have never worked in Procurement/Contracts/External Vendors, and they find such questions quite tough. I have now created a complete Video post about the different Key Contract Types that you must know about for … Read more