Chapter 10 Procurement Management

Question 0

Types of contract?

Answer 0

1. Fixed price:
   
   • fixed price incentive fee
   • firm fixed price
2. Cost reimbursable
   
   • cost plus fixed fee
   • cost plus award fee
   • cost plus incentive fee
3. Time & material

Question 1

Processes of procurement management?

Answer 1

1. Plan procurement management
2. Conduct procurement
3. Control procurement
4. Close procurement