The Project Notebook

PMP® Challenge Question – 2/1

Welcome to the next PMP® Challenge Question Challenge!

As before, you will need to answer two of the next three (2/1, 2/15, and 3/1) challenge questions correctly. Email your answers to no later than midnight, March 5th. In the event of a tie, there will be a random drawing.

The prizes:
Grand Prize: a complete set of PMP® study materials – book, CD, and Mind Map card from Crosswind Project Management.
Runner Up Prize: Prepare for the PMP® Exam card from Value Based Project Management

Our first challenge will be a little more subjective in nature. I’m looking for two advantages and two disadvantages for using the contract types of fixed price, cost reimbursable, and time and materials, presented in tabular form.

Good luck with the challenge!

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