adplus-dvertising
frame-decoration

Question

What type of contracts do software clients generally require according to Jørgensen and Grimstad (2004)?

a.

Time and material contracts

b.

Cost-plus contracts

c.

Fixed-price contracts

d.

None of the above

Posted under Software Engineering

Answer: (c).Fixed-price contracts Explanation:Jørgensen and Grimstad (2004) mention that software clients generally require fixed-price contracts which can lead to the winner's curse phenomenon if software providers have over-optimistic estimates.

Engage with the Community - Add Your Comment

Confused About the Answer? Ask for Details Here.

Know the Explanation? Add it Here.

Q. What type of contracts do software clients generally require according to Jørgensen and Grimstad (2004)?

Similar Questions

Discover Related MCQs

Q. What is the phenomenon known as "winner's curse" in software field?

Q. According to Jorgensen (2005), what should be done to avoid the politically-colored estimation methods?

Q. What is the outcome of a contract that results in low or negative profits to the bidder?

Q. What is the main goal of estimation?

Q. According to Jorgensen and Grimstad (2004), what is the result of companies with the lowest bids in an experiment they conducted?

Q. What is the benefit of combining different estimation methods?

Q. What is the best practice for improving estimates according to Lederer and Prasad (2000)?

Q. What is the potential effect of experience on cost estimates in software development projects?

Q. What is the result of combining sufficiently different estimation methods?

Q. Why may estimates that are based on comparison with earlier projects be too pessimistic?

Q. What is the method that aims to get a more reliable estimate by having the expert produce more than one estimate?

Q. What is the main issue with using the comparison method for cost estimation?

Q. What is the impact of a compressed schedule on a software development project?

Q. What is the recommended method to get a more reliable estimate?

Q. What is the expected effort using the technique of asking for three estimates?

Q. What is the impact of software on a project's estimated effort?

Q. What is the impact of training on software cost estimation?

Q. How do requirements set or proposed affect the cost estimate?

Q. Is it advisable to make a cost estimate if it is not needed?

Q. How does shortening the development time of a project affect the manpower required?