Cost-Reimbursible Cost reimbursable is a type of contract in which the buyer agrees to pay back the seller for all acceptable costs spent in the performance of the contract. In other words, it’s up to the seller to do the work, and it’s up to the buyer to pay the seller’s costs and any extra fees or…
Time and Materials Time and materials (T&M) is a type of contract used in project management and purchasing that pays for labour and materials based on the real time and materials used to finish a project or job. T&M contracts are often used when the scope of the work isn’t clear or when it’s hard to guess…
Indefitite Time Indefinite Quantity (IDIQ) Impact mapping is a method used in software development, project management, and product development to make sure that everyone involved in a project or product has the same idea of what its goals are and to find the best way to reach those goals. At its core, Impact Mapping is a visual,…
Project Team Charter The purpose, goals, tasks, duties, and standards of a project team are all written down in a paper called a “project team charter.” It is usually made at the start of a project and serves as a guide for the team during the whole project. The team plan helps make sure that everyone agrees…
User Story A user story is a short, simple account of a feature or requirement from the point of view of a user or customer. It is a tool that is often used in Agile software development to make it easy to understand and rank the needs of the users and partners. A user story usually has…
Situational Leadership Models The Situational Leadership Model is a way of thinking about how to lead that was created by Paul Hersey and Ken Blanchard. It stresses how important it is to change your style of leading to the level of growth of your team members. The model says that there is no one “best” way to…
Communication Models Communication models are structures or ideas that explain how people or groups talk to each other. Here are some popular ways to talk to people: The Shannon-Weaver Model is a model of communication that was made by Claude Shannon and Warren Weaver. It is a linear model. The model has a source who encodes a…
Motivaion Models Motivation models are sets of ideas that try to explain why people act the way they do and what factors affect their actions. Some of the most popular motivation models used in business and psychology are: Maslow’s Hierarchy of Needs: This model says that people have different kinds of needs, such as health, safety, love…
