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Contract Finalization

Contract Finalization.

I don’t understand this Business question and need help to study.

What kind of contract will you pursue for each of the following purchases related to this project?

  • Hiring technicians to install and configure the software for your environment
  • Hiring a training entity to teach the student PMs the mechanics of using the new tool
  • Buying a new server and software to run the tool and house the project database
  • Hiring tool usage experts to transfer knowledge to the student PMs about the use of the tool on the job for the first 60 days after going live
  • Planning for the removal and disposal of the scheduling tool software and hardware that are no longer to be used


  • In 600–750 words, address the following for each of the 5 bulleted items listed in the assignment description:
    • Which contract type is the most appropriate for the product or service purchase?
    • How would you effectively justify your selection to other project managers?
      • What arguments might they use to debate your selection?
      • How would you effectively address those arguments?
    • What risks are associated with the type of contract selected?
      • Explain exactly how you factored these risks into your selection.
    • What general purposes and functions does the contract type address?
    • How does the selected contract meet the project objectives?
  • Be sure to reference all sources using APA style.

Contract Finalization