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E Alpha College E-learning My Courses 8. Your company is working on a government railway infrastructure upgrade project. You have signed a Fixed Price (FP)
E Alpha College E-learning My Courses 8. Your company is working on a government railway infrastructure upgrade project. You have signed a Fixed Price (FP) contract and will be paid a fee of $380,000 to complete the work. It's now six months into the project, and your costs have just exceeded$340,000. As per the contract, your company is now responsible for any cost overrun from this point forward, and the buyer will not share any of it. This situation is BEST described as: O a. The project budget was miscalculated initially O b. The buyer is cheating the seller. O c. The project manager spent too much money on the project. O d. The project has reached the Point of Total Assumption (PTA)
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