Question: You have been assigned as the project manager for a new project that involves deployment of a new software application to all your organizations users.

You have been assigned as the project manager for a new project that involves deployment of a new software application to all your organizations users. The timeline is aggressive and this software is being deployed on your companys architecture for the first time. In addition, the projects steering committee has specified an allowable budget for the project. You plan to use an outside company for this deployment. Which of the following contract types is best suited for you to negotiate?

A) Time and Material

B) Cost Reimburseable

C) Labor Hour

D) Fixed Price

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