A project manager is planning a project to build a research center with the installation...

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A project manager is planning a project to build a research center with the installation of scientific equipment. Since the research topic is new and unfamiliar, the equipment required might change during project execution.

How should the project manager plan this project?

Use a different project life cycle approach for the different parts of this project by adopting a hybrid approach.

Separate the tender into two parts, one for the building and one for the equipment, with careful selection of contractors.

Lock down the requirements for the equipment early and avoid any changes during further phases of the project.

Put a fixed price contract out to tender for the research building and issue a cost-reimbursable contract for installing the equipment.

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A project manager is planning a project to build a research center with the installation...

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