PJM400 MOD7 Discussion Post
- Chapter 7 and Chapter 19 pp. 532-577 in Procurement, Principles & Management
- Part 1, Chapter 12, Sections 126.96.36.199 through 188.8.131.52 in A Guide to the Project Management Body of Knowledge
- Kelly, C., & Yang, J. (2015). Improving the bottom line.Internal Auditor, 72(1), 54.
Baily, P., Farmer, D., Crocker, B., Jessop, D., & Jones, D. (2015). Procurement, principles & management (11th ed.). United Kingdom: Pearson (Intl) Inc.
Larson, E. W., & Gray, C. F. (2017). Project management: The managerial process (7th ed.). New York, NY: McGraw-Hill.
Project Management Institute. (2017). A Guide to the project management body of knowledge (PMBOK® Guide) (6th ed.). Newton Square, PA: PMI Publications.
From among the required or recommended readings and at least one credible, peer-reviewed outside source, answer the following.
- Why do contracts include incentives?
When is it best to
use an incentive (identify a minimum of two specific circumstances
under which the use of incentive elements in the contracts are
beneficial or necessary)?
- How are contracts used to transfer risk (identify two specific circumstances and provide an example for each)?