There are many Project Management (PM) terms, which are slightly confusing and difficult to understand. Qualitative Risk Analysis and Quantitative Risk Analysis are two such… Read More »Difference Between Qualitative And Quantitative Risk Analysis
Fixed Price with Economic Price Adjustment Contract Explained Fixed Price with Economic Price Adjustment Contract is a variation of the basic Fixed Price Contract (FP).… Read More »When is an Fixed Price with Economic Price Adjustment Contract Used?
Point of Total Assumption Formula in Fixed Price Incentive Fee Contract How do you remember any formula? Simple! Understand the concept you will not need… Read More »How to Remember Point of Total Assumption Formula?
Incentive Calculation in a FPIF Contract In my previous post, I described Fixed Price Incentive Fee Contract (FPIF). In this article, I will discuss the… Read More »6 Main Formulas of a FPIF Contract
Fixed Price Incentive Fee Contract Explained PMBOK® Guide defines 3 different types of Fixed Price (FP) Contract. I have written about Firm Fixed Priced Contract (FFP)… Read More »What is a Fixed Price Incentive Fee Contract?
Firm Fixed Price Contract Explained I have written a number of articles on different types of contracts. In some of my previous articles I have… Read More »What is a Firm Fixed Price Contract?
Mathematical Orientation of Contract Types Procurement Management Knowledge Area of PMBOK® Guide defines 3 different Contract Types. I have already written two articles to explain… Read More »PMP Formulas Behind Contract Types
A project risk is an uncertain event or condition that can have positive or negative impact on at least one of the project objectives whereas… Read More »Project Risks vs Issues: Examples And Definition
What is your Project Risk Management Strategy? “Duh! We will deal with the problem when it comes. Is there any other Project Risk Management Strategy?”… Read More »Change your Project Risk Management Strategy
Do you use Project Risk Response Strategies to avail Opportunities? Let us be frank here. Most of us never think about Project Risk Response Strategies… Read More »4 Project Risk Response Strategies for Opportunities
