Running a Project Management Business: Contracts, Invoicing, and Financial Benchmarking

Editor's Note: This is the second of six Industry Speaks™ installments reviewing sections of PSMJ's updated Ultimate Project Management Manual.

The Ultimate Project Management Manual provides a range of instructions for these business related topics for Project Managers (PMs).

The target audience for Chapter 3, The Contract Agreement, is specifically PMs who have primary contract writing and negotiation responsibilities. Some firms don’t delegate this authority to project managers. However, all PMs should be thoroughly informed about their firms’ contractual procedures and obligations in order to properly execute the work and manage risks.

This topic would benefit from a step-by-step approach to creating and negotiating contracts. “Some Basics About Contracts” didn’t provide these basics:
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