Sunday, December 13, 2009

Disadvantages of Time & Material Contract

Disadvantages of Time & Material Contract include:
  • Profit is in every billed
  • Seller has no incentive to control costs
  • Appropriate only for small projects
  • Requires the most day to day oversight from the buyer
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December 15, 2009 at 5:09 PM

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Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)