Option 1: Cost Risk – Product-Based, writing homework help

ops 405 – ct 6

Option 1: Cost Risk – Product-Based

Select a product from on a product-based firm and answer these questions regarding your selection:

• What does “cost risk” mean?
• What two elements contribute to the calculation of cost risk?
• Explain and discuss the impact of cost risk.
• Explain and discuss why firm fixed-price contracts are the greatest motivators of efficiency.
• Explain and discuss the potential danger of using a fixed price redetermination contract.
• Explain and discuss what objective the use of an incentive arrangement satisfies.
• What are the elements of an incentive contract?
• Explain and discuss the irony involved in setting cost targets.

Instructions:

• Your essay will require an organizational structure that includes the introduction section, conclusion section, and individual sections that address each of questions noted above.
• Write a 3- to 4-page paper (page count doesn’t include the required title and reference pages).
• Your paper must be properly cited and formatted according to the CSU-Global Guide to Writing and APA Requirements.title and reference page. ection headers, running header, souble spaced, apa format!
  
• You must support your analysis with at least four scholarly references. Sources such as Wikipedia, USA Today, Fox News, or MSNBC news do not qualify as scholarly references. The CSU-Global Library is a good place to find these sources.