PMP Exam Practice Question and Answer скачать в хорошем качестве

PMP Exam Practice Question and Answer

"PMP Exam Practice Question and Answer #106- Contract Type of Agile | PMP Exam Prep, Project Management, PMP Exam" The Scenario is ***************** You are managing a project using an adaptive (agile) lifecycle. The project includes developing a specialized software module that is well-understood, yet you anticipate potential changes due to evolving project needs. You plan to outsource this module's development. Given the agile nature of your project and the likelihood of changes, what is the most appropriate approach for creating a procurement contract with the vendor? A. Opt for a fixed-price contract to control costs, after obtaining approval from stakeholders on the Procurement Statement of Work. B. Choose a Time and Material (T&M) contract, including a cap on budget and delivery performance parameters. C. Develop a Cost-Plus contract, providing flexibility for changes. D. Avoid outsourcing this work, as it could create confusion within the adaptive project framework. ------------------------------------------------------ Right Answer and Explanation: ********************************* Correct Answer is : B) This question examines the understanding of selecting appropriate contract types in an agile project environment. Option A suggests a fixed-price contract; however, this might be less flexible for accommodating changes, even with stakeholder approval on the Procurement Statement of Work. Option B, a Time and Material (T&M) contract with budget and delivery caps, offers a balanced approach, allowing for the agility needed in adaptive projects while controlling costs. Option C, a Cost-Plus contract, indeed allows for flexibility but might lead to budget overruns. Option D, avoiding outsourcing altogether, is not a practical solution as outsourcing can be beneficial and manageable in an agile environment if the right contract type is chosen and effectively managed. ------------------------------------------------------ PMP Exam Content Outline Mapping ---------------------------------------------------------- Domain: Process Task 11 Plan and manage procurement ----------------------- Topics Covered **************** Contract Types --------------------------------------------------------------------------------------------- Consider following us on LinkedIn and subscribing on YouTube for more content like this. ----------------------------------------------------------------------------------------------- **PMP Daily Poll question bank : https://www.izenbridge.com/kb/categor... **PMP Agile questions bank: https://www.izenbridge.com/kb/categor... **PMP Exam Syllabus- Exam Content Outline (ECO) Tutorial: https://www.izenbridge.com/kb/categor... **Get PMP Free Practice Test - 2023 : https://www.izenbridge.com/free-resou... PMP Certification Training link: ------------------------------------------------- https://www.izenbridge.com/project-ma... Also, you can email my support team for more questions at : [email protected] Connect with us on WhatsApp : https://wa.me/919958287711 ------------------------------------------------------------------------------------------------------ Youtube :    / izenbridge   Instagram :   / izenbridgeofficial   LinkedIn :   / izenbridge-consultancy-private-limited   Facebook :   / izenbridge   #pmpizenbridge #PMPDaily #PMPExamQuestion #PMPExam #ProjectManagement #pmpcertification