Regarding Fixed Price budget

Exclusive forum for iZenBirdge PMP® clients
kshitij_y
PMP
Posts: 229
Joined: Wed Dec 11, 2013 9:39 am

Regarding Fixed Price budget

Postby kshitij_y Wed Dec 11, 2013 5:26 pm

Q.What measure to be taken in Fixed Price budget project, As in this case we can not discuss our all risk with the client as we have to manage our cost?
User avatar
saket
Site Admin
Site Admin
Posts: 3113
Joined: Sat Dec 07, 2013 10:37 pm

Re: Regarding Fixed Price budget

Postby saket Thu Dec 12, 2013 4:49 am

1. Clear Scope Definition
2. Should work to improve the estimation model, in fixed price we should work hard to develop an estimation model which can result in better estimates
3. Risk management, account contingency reserves for risks and plan mitigation activities.. include them in estimate
4. Strong Contract Management, everyone in team should be clear about what is included in contract and what is not.
Explore our online PMP Program , it makes PMP Easy :-) http://goo.gl/ZmD3xF

Image Image Image Image

Return to “PMP® Queries and Tips”

Who is online

Users browsing this forum: No registered users and 2 guests