Fixed-price contract versus cost-plus contract

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Reference no: EM132205118

1. Senior management has just returned from a risk management workshop. One of the topics was reserve analysis. Management does not completely understand the concept and asks you what the purpose is of performing reserve analysis during the risk management process.

2. Describe and discuss when one should use a fixed-price contract versus a cost-plus contract. Compare and contrast a fixed-price contract and a cost-plus contract.

3. You are the project manager on a critical project for your corporation. You have decided to employ fault-tree analysis on your project. What is fault-tree analysis, and how can it be applied to your project?

Reference no: EM132205118

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