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Flashcards in POM L7 Deck (11):
1

Why is a contract important, what does it define ?

#A contract defines the basic parameters of a project
(Requirements, time, money)
#A contract defines the basic rules of collaboration

2

What are the roles for Contractor and Client ?

#Contractor:
Submit offer & deliver result
#Client:
Define initial requirements
Request proposal(s)
Monitor (proposal) projects
Acceptance testing

3

What are the main influence factor of a project?

# Goals
# Business Case
# Initial estimations
# Legal restrictions

4

What is in a contract ?

# Service and responsibilities (functional requirements, deadlines, price and payment schedule ...)
# Warranty and liabilities
# Regulations
# CopyRights
# Provision

5

Offer development procedure !

# Prepare offer
# Develop/Submit offer
# Acceptance of the system under development

6

What should acceptance procedure define ?

#Acceptance test
#Shipping

7

Name two basic contract types !

#Fixed Price
#Time & Material

8

Explain Fixed priced contract.

#Subject: A System
#Price is fix
#Milestone-based progress definition
à payment schedule
#Low flexibility regarding changes
à formal change requests
à changes are expensive
#Project risk is transferred to the
contractor
#Requires fully-specified system
#RISK: MIN/MAX Sytem for MIN/MAX price

9

Explain Time & Material contract!

# Subject: Resources and time
# Price is based on actual effort
# Feature-based progress definition à
not necessarily congruent with
payment schedule
# Open to change requests à
feedback and evaluation are welcome
as long as the client pays for it J
# Project risk is transferred to the client
# Requirements can be under-specified
#RISK: Client might refuse the price increase

10

What are the methods to make a contract more flexible ?

#Change for free: client is participating in the project all the time (on-site customer) and gives continuously feedback so update the contract accordingly
#Maximum price : work according to time & material approach, but set a limit
#Exit point/ Money for nothig: define an approach in which a project can be stopped, but good
performance is awarded (define exit point)

11

What are the acceptance relevant aspects to be considered in a contract ?

#Check for completeness (Was everything shipped as expected?)
# Verification of the project results (Was the software developed right?),
# Validation of the project results (Was the right software developed?)