How to Get a Job For Project Managers

Learn how to write resume and interview

Leadership for Project Managers

Learn how to lead and drive project success.

Project Management with AI

From a beginner to project management professional.

Agile Project Management and SCRUM with AI

Learn to run Scrum and Agile with AI.

Advanced Lean Six Sigma

Learn to improve your business.

Measuring Project Performance

Learn Earned Value Analysis

AI for Agile Project Managers and Scrum Masters

Master AI to supercharge your Agile practice.

AI-Prompt Engineering: Managers, Project Managers and Scrum Masters

Prompt and Content Engineering to boost your productivity.

AI for Project Managers

Ready to use tested Prompts as per PMBOK, save 200 hours.

How to Get a Job For Project Managers

Learn how to write resume and interview

Leadership for Project Managers

Learn how to lead and drive project success.

Project Management with AI

From a beginner to project management professional.

Agile Project Management and SCRUM with AI

Learn to run Scrum and Agile with AI.

Advanced Lean Six Sigma

Learn to improve your business.

Measuring Project Performance

Learn Earned Value Analysis

AI for Agile Project Managers and Scrum Masters

Master AI to supercharge your Agile practice.

AI-Prompt Engineering: Managers, Project Managers and Scrum Masters

Prompt and Content Engineering to boost your productivity.

AI for Project Managers

Ready to use tested Prompts as per PMBOK, save 200 hours.

Fee

The profit portion included in the seller's payment, separate from reimbursed costs.

Key Points

  • Represents the seller's profit in the overall compensation.
  • Distinct from reimbursed direct, indirect, and allowable costs.
  • Can be structured as fixed fee, incentive fee, or award fee based on the contract type.
  • Negotiated during procurement and may depend on risk, performance, or cost targets.

Example

In a CPFF contract, the buyer reimburses actual allowable costs of USD 500,000 and pays a fixed fee of USD 50,000. The USD 50,000 is the fee, meaning the seller's profit.

PMP Example Question

In a cost-reimbursable contract, what does the term "fee" most accurately describe?

  1. Reimbursement of direct labor and materials
  2. The seller's profit added to reimbursed costs
  3. A contingency reserve for unknown risks
  4. A penalty for failing to meet schedule targets

Correct Answer: B — The seller's profit

Explanation: The fee is the profit component paid to the seller and is separate from reimbursed costs.

Advanced Lean Six Sigma — Data-Driven Excellence

Solve complex problems, reduce variation, and improve performance with confidence. This course is designed for professionals who already know the basics and want to apply advanced Lean Six Sigma tools to real business challenges.

This is not abstract statistics or theory-heavy training. You’ll use Excel to perform real analysis, interpret results correctly, and apply tools like DMAIC, SIPOC, MSA, hypothesis testing, and regression without memorizing formulas or relying on expensive software.

You’ll learn how to measure baseline performance, analyze process capability, use control charts to maintain stability, and validate improvements using statistical evidence. Templates, worked examples, and structured walkthroughs help you apply each concept immediately.

Learn through a complete, real-world Lean Six Sigma project and develop the skills to lead data-driven improvements with credibility. If you’re ready to move beyond basics and make decisions backed by data, enroll now and take your Lean Six Sigma expertise to the next level.

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Launch your career!

HK School of Management delivers top-tier training in Project Management, Job Search Strategies, and Career Growth. For the price of a lunch, you’ll gain expert insights into landing your dream PM role, mastering interviews, and negotiating like a pro. With a 30-day money-back guarantee, there’s zero risk—just a clear path to success!

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