Question: You have been appointed a project manager for ABC Inc. and are given a project. While in the planning stage, you find that your organization

You have been appointed a project manager for ABC Inc. and are given a project. While in the planning stage, you find that your organization is lacking the skills and manpower to complete a part of the work and the scope is also unclear. You decide to contract this work to a third party. What kind of contract will you select in this case?

(a) Cost reimbursable

(b) Time & material

(c) Fixed fee

(d) PO

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