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Are there any project management difference for a PM to manage T&M and FP project? If yes, can you list them?

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Are there any project management difference for a PM to manage T&M and FP project?  If yes, can you list them?  Areas I can think of are:
Scope
Quality
Schedule, Resource Mgmt
asked 5 years ago by anonymous

1 Answer

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votes
With a fixed price contract, the PM will need to tightly control scope -- be sure the requirements are as well defined as possible before committing to the project, changes are well documented, and there is no "gold plating" (essentially exceeding requirements which can put the project at risk).

Of course these would be best practices for managing any project, but the Project Manager will need to be more vigilant around these areas for FP.

In addition, there should be a focus on tasks in this priority order:

Critical Path Tasks
Near Critical Path Tasks
Tasks with Least Slack
Tasks with Longest Durations
Tasks with Most Resources
Tasks with Least Resources
answered 5 years ago by sdcapmp (45,840 points)

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