Based on your chosen organization, compare and contrast the various contract types such as firm-fixed-price (FFP), cost-plus-fixed-fee (CPFF), cost-no-fee (CNF), and cost-plus-incentive-fee (CPIF) contracts. You may also find other contract types applicable to your commercial or governmental organization. Include the following information in your discussion:
What type of contract is most relevant for the chosen organization?
Why is this contract type most relevant?
What is the significance of cost management from a strategic perspective?