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NEW QUESTION 37
You are the project manager for an outdoor concert event scheduled for one year from today. You're working on the procurement plan for the computer software program that will control the lighting and screen projections during the concert. You've decided to contract with a professional services company that specializes in writing custom software programs. You want to minimize the risk to the organization, so you'll opt for which contract type?
Answer: C
Explanation:
Fixed-price contracts have the highest risk to the seller and the least amount of risk to the buyer. However, the price the vendor charges for the product or service will compensate for the amount of risk they're taking on.
NEW QUESTION 38
You are in process of identifying and documenting project risks. You are using various information gathering techniques to identify the project risks. All of the following are information gathering techniques EXCEPT:
Answer: B
NEW QUESTION 39
Warranty cost is an example of an _____ .
Answer: E
NEW QUESTION 40
An example of a group decision-making technique is:
Answer: D
Explanation:
Section: Closing
NEW QUESTION 41
Project A is being administered using a matrix form of organization. The project manager reports to a senior vice president who provides visible support to the project. In this scenario, which of the following statements best describes the relative power of the project manager?
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The project manager's ability to influence project decisions increases the higher up he or she______________and the person to whom he or she reports______________is placed in the organization. In the strong matrix, the project manager's authority ranges from moderate to high.
NEW QUESTION 42
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