You are an experienced IT professional with more than 10 years of project management experience in IT sector has been asked by the CEO of Peter Moir Diagnostic centre to install all IT facilities for the centre in rural NSW. The project includes development of new database software for the centre as well as to buy and install new IT machineries (e.g. Computer, laptop, wire etc.).

The software development team and hardware specialist of your project team knows the very detail of each task to be accomplished and very confident about the project delivery on time. During the final stage of contract development, the CEO of Peter Moir, being a long-time friend, asked you about your choice of the type of project contract you want to have.

For the given scenario, answer the following questions

A. If you are a risk-taking person (and at the same time does not want to take advantage of your relationship with CEO) then what type of contract will you make with the CEO of the diagnostic centre and why?

B. If you are a risk-avoider (and as well as wants to take advantage of your friendship with the CEO) then what type of contract will you make with the CEO of the diagnostic centre and why?