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Procurement Without the Pain (Part 1 of 2): Why Contract Types Confuse PMP Students
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This episode kicks off a two-part deep dive into procurement, inspired by a listener who texted me after struggling with procurement questions on a mock exam.
In Part 1, we cover:
Why procurement feels so confusing on the PMP exam
The three contract families — Fixed Price, Cost-Plus, and Time & Materials
Who benefits and why under each type (buyer, seller, or both)
A direct comparison of Cost-Plus vs. T&M (Receipts vs. Rate Card)
A…
The skinny
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