Procurement Question - Most Risk To Buyer/Seller
Here's a question I came across:
Which of the following contracts has the MOST risk for the buyer?
Cost plus fixed fee (CPFF)
Time and Materials (T&M)
Cost plus award fee (CPAF)
Fixed price (FP)
Which one do you think is the answer? I picked the one that listed in Rita Muchaly's PMP Exam Prep (6th Edition) page 437.