13 Lecture Flashcards
What is a contract
- defines the basic parameters of a project
- defines the basic rules of collaboration
- deines how to deal with uncertainties
Which two projects are there?
- Client Project
- Contractor Project
Which two roles are there in Contracting
- Client
- Contractor
What does the Client do?
- Define initial requirements
- Request proposal
- Monitor projects
- Acceptance testing
What dies the Contractor do?
- Submit offers
- Ship results
What are the basic procedures?
- Prepare offer
- Develop/ submit Offer
(- Development - acceptance of the system under development
What are the usual contract types
- Fixed Price
- Time & Material
Describe the fixed price contract type
- Price is fixed
- Milestone-based progress definition
- Low flexibility regarding changes
- Risk transferred to the contractor
- Requires fully-specified system
Describe the time & material contract time
- Price is based on actual effort
- Feature-based progress definition
- Open to change request
- Rist is transferred to the client
- Requirements can be under -specified
Which integration strategies are there?
- competitive
- cooperative
- indifferent
- dependent
Which flexible pricing practices are there
- Maximum price
- Change for free
- Exit point/ Money for nothing
Describe Maximum Price
Wok according to time & material approach, but set a limit
Describe Change for Free
Client is participating in the project all the time. Client is allowed to add features.
Describe Exit Points/Money for Nothing
Define an approach in which a project can be stopped, but good performance is awarded (Exit Points)
