Wizard Kim Cost/Price Analysis and Business Competencies 420

Review sections 2.4 through 2.4.2 and 5.0 through 5.2 of the Contrat Management Body of Knowledge (CMBOK). What is the difference between cost and price analysis and when would you use the two when analyzing a contractor's proposal? Please explain the significance of determining fair and reasonable prices during analysis and negotiation phases. Also, discuss 2 of the business competencies and their importance when conducting negotiations.

Please feel free to use the university library, internet, videos, and/or other reputable sources.

Instructions:  Your initial post should be at least 250 words.  Please respond to at least 3 other students.  Responses should be a minimum of 100 words and include direct questions.

Initial Post Due:  Thursday, 11:55 p.m., ETResponses Due:  Sunday, 11:55 p.m., ET