After reading your post, hypothetically, if in a Project Manager’s role when determining a budget (i.e., equipment, deliverables, resources, Other Direct Costs, etc.), and with your employers’ best interest in mind... would you rather build the project budget from a "cost-plus-fixed fee" or "time & material" based contract, respectively? Do you think one over the other might impact one or all four key cost areas described in your post?
Do you agree or disagree and why?
“The only data you need when making managerial decisions are the figures for relevant costs.”
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