56. In which life-cycle phave would project uncertainfy he the greatest? A. Initiation B. Patinime C Evecution 1). Coowure 57. A project managet has just become the manager of a project. The document that rocognabes fie existence of the project is called: A. The statement of work. B. The project execution plan. C. The project charter. D. The product description. 58. You are procuring for work that requires high level technical expertise, and you want to have the best performance possible in the finished outputs. What will be your choicest contract typel A. Fixed ptice economic price adjustment B. Cost plus percentage of costs: C. Costplus incentive fees D. Cost plus fixcd fees 59. During negotiations, party A makes some notes that both parties sign. However, when the work is being done, party B claims they are not required to provide an item they both agreed to during negotiations, because it was not included in the subsequent contract. In this case, party B is: A. Incorrect. because both parties must comply with what they agreed on B. Correct, because there was an offer C. Generally correct, because both parties are only required to perform what is in the contrict D. Generally incorrect, because all agrecments must be upheld. 60. As a project manager, you discovered that there is part of your project that contains some risks Your strategy with these risks is to subcontract the work to an outside vendor by using a fixedprice contract. Which of the following is true? A. The vendor will include an allowance for the risks in the contracted price B. The vendor will lose money in the contract C. You will have to compensate the vendor if the risks occur D. You will assist the vendor with the project team if the risks occur