Which of the following contracts is riskiest for a buyer?

a. time and material

b. cost-reimbursable

c. firm-fixed-price

d. fixed-price-economic-price-adjustment

5. A analysis is a technique that results in a decision about whether particular work can best be accomplished by the project team or should be purchased from external sources. 9. What are some potential issues related to out-sourcing? How could you mitigate these issues? 10. You are the project manager in charge of renovating a large apartment building, and your team has decided to outsource the installation of a new septic system. Do you put out an RFQ or RFP to interested contractors? Why?

a. make-or-buy

b. SWOT

c. sensitivity

d. vendor

6. Which contract type puts the most risk on the seller?

a. time and material

b. cost-reimbursable

c. firm-fixed-price

d. fixed-price-economic-price-adjustment