Cut expense in a Model Contract - Online Editor

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How to cut expense in the Model Contract

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[Music] hi everyone welcome back to this series of project management key concepts from the project management body of knowledge this one were looking at is contracts in your project and procurement so contracts are a legal agreement or theyre legal agreement relationships between two or more parties so an agreement might not involve a contract if were making an agreement such as you know kicking off a project or initiating a project with a project charter thats just an agreement and it doesnt necessarily involve a contract however every contract we make will involve an agreement and youll see these terms come up and be used in the PMBOK guide youll see agreements come up and then obviously the use of these contracts that were going to go over now there are a few different types of contracts that youll see in use and you might have questions on these on the PMP exam so first of all weve got fixed price contracts and within that weve got firm fixed price and youll see these

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What is the cost down model?

In business, the term cost-down is used to describe various ways to reduce the cost of goods or services. A company may use a cost-down approach to improve its profitability or to compete more effectively in its market. Cost-Down Approach - oboloo oboloo.com glossary cost-down-approach-2 oboloo.com glossary cost-down-approach-2

What is the cost reduction theory?

Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a companys services or products, the strategies can vary. Cost reduction - Wikipedia Wikipedia wiki Costreduction Wikipedia wiki Costreduction

What is a cost reduction model?

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What is one approach to cost reduction?

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What are cost-cutting scenarios?

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What is the cost-cutting approach?

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Cut expense in the Model Contract