Single spaced type written answers of one page each. Restate the question and question number before your narrative, and begin each answer atop a new page.

Answers to each question will be graded on the basis of the level to which the course material is included/addressed, and/or the robustness of arguments in support of the position taken.

Question 05a: During the project procurement process, which is of greatest importance to address: Technical & Quality Risks, Schedule Risks or Cost Risks and why?

Question 05b: Select four contract negotiations tactics or countertactics and discuss their relevance/importance to the project procurement process and why?

Question 06a: Identify and define the advantages and disadvantages to both parties to a fixed price contract and a cost reimbursement contract.

Question 06b: Define the three types of contracts and identify which one you believe is the most-advantageous and why?