POM L7

Question 1

Why is a contract important, what does it define ?

Answer 1

#A contract defines the basic parameters of a project
(Requirements, time, money)
#A contract defines the basic rules of collaboration

Question 2

What are the roles for Contractor and Client ?

Answer 2

#Contractor:
Submit offer & deliver result
#Client: 
Define initial requirements
Request proposal(s)
Monitor (proposal) projects
Acceptance testing

Question 3

What are the main influence factor of a project?

Answer 3

# Goals
# Business Case
# Initial estimations
# Legal restrictions

Question 4

What is in a contract ?

Answer 4

# Service and responsibilities (functional requirements, deadlines, price and payment schedule ...)
# Warranty and liabilities
# Regulations
# CopyRights
# Provision

Question 5

Offer development procedure !

Answer 5

# Prepare offer
# Develop/Submit offer
# Acceptance of the system under development

Question 6

What should acceptance procedure define ?

Answer 6

#Acceptance test 
#Shipping

Question 7

Name two basic contract types !

Answer 7

#Fixed Price
#Time & Material

Question 8

Explain Fixed priced contract.

Answer 8

#Subject: A System
#Price is fix
#Milestone-based progress definition 
à payment schedule
#Low flexibility regarding changes
à formal change requests
à changes are expensive
#Project risk is transferred to the 
contractor
#Requires fully-specified system
#RISK: MIN/MAX Sytem for MIN/MAX price

Question 9

Explain Time & Material contract!

Answer 9

# Subject: Resources and time
# Price is based on actual effort
# Feature-based progress definition à
not necessarily congruent with 
payment schedule
# Open to change requests à
feedback and evaluation are welcome 
as long as the client pays for it J
# Project risk is transferred to the client
# Requirements can be under-specified
#RISK: Client might refuse the price increase

Question 10

What are the methods to make a contract more flexible ?

Answer 10

#Change for free: client is participating in the project all the time (on-site customer) and gives continuously feedback so update the contract accordingly
#Maximum price : work according to time & material approach, but set a limit
#Exit point/ Money for nothig: define an approach in which a project can be stopped, but good 
performance is awarded (define exit point)

Question 11

What are the acceptance relevant aspects to be considered in a contract ?

Answer 11

#Check for completeness (Was everything shipped as expected?)
# Verification of the project results (Was the software developed right?),
# Validation of the project results (Was the right software developed?)