Contract Types for PMP Exam

Many PMP Questions from the Procurement Management Knowledge Area focus on the different Contract Types.

However, many project managers have never worked in Procurement/Contracts/External Vendors, and they find such questions quite tough.

I have now created a complete Video post about the different Key Contract Types that you must know about for the PMP exam.

In this PMP Exam Tips video, I talk about

Fixed Price Contracts
Cost Reimbursible Contracts
Time & Material (T&M) Contracts.

In a couple of future videos, I’ll talk about the variations for each of these contract types, plus tips and hints to answer PMP questions on Contract Types.

I’d love to hear your feedback, and what you’d like to see on this PMP Exam Preparation Tips blog. Post your comments.

Cheers,
Vinai

PS: Did you read the feedback of PMChamp Online Coaching Student, who recently passed the new PMP Test just last week?

About Vinai Prakash

Vinai Prakash is the founder and editor of PMChamp PMP Exam Tips. "I love coaching and training PMP® aspirants to pass the PMP Exam in their first attempt, without stress, and without hassles through classroom & online PMP coaching workshops." Learn more about Vinai here.