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Fixed-price and cost-plus contracts

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Reference no: EM1343622

Project Management

Please explain what are the fundamental differences between fixed-price and cost-plus contracts? Plus, how does affect what kinds of projects you would recommend for a fixed-price contract or cost-plus contract?

Can teams be used for both fixed-price and cost-plus contracts? Is there a difference in how teams work based on the contract being fixed-price or cost-plus contracts?

How can a project manager influence customer expectations and perceptions?

Reference no: EM1343622

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