FAQs Answers

Ques - Which contract type is best when you don’t know the scope of the work?
Ans – as per HF, the ans is Time and material
As per Rita, T&M contract is chosen when the level of effort is not known at the time of contract and Cost Reimbursable (CR) contract is chosen when exact scope of the work is not certain at the time of contract and therefore the exact cost estimate could not be decided at the time of contract.


Ques- What are the top three causes of conflict on projects?
Ans- Resource, priorities, schedule

Ques- Which type of power is typically unavailable to project managers in a matrixed organization?
Ans- legitimate power.

Ques- Which contract is most risky for the buyer ?
Ans - T&M

Ques - Project Manager reports to whom in a Balanced Matrix organization ?
Ans - Functional Manager